Richard Marnell Sells 11,287 Shares of Viking (NYSE:VIK) Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 11,287 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total value of $1,047,997.95. Following the sale, the executive vice president owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Richard Marnell also recently made the following trade(s):

• On Tuesday, June 16th, Richard Marnell sold 159 shares of Viking stock. The shares were sold at an average price of $94.67, for a total value of $15,052.53.
• On Monday, June 15th, Richard Marnell sold 6,120 shares of Viking stock. The shares were sold at an average price of $94.30, for a total value of $577,116.00.

Viking Price Performance

Shares of NYSE:VIK opened at $94.70 on Thursday. The business has a 50 day moving average price of $84.92 and a 200 day moving average price of $76.75. Viking Holdings Ltd. has a twelve month low of $47.02 and a twelve month high of $97.20. The company has a market cap of $42.21 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.36 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last announced its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. Research analysts predict that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

Hedge Funds Weigh In On Viking

A number of hedge funds have recently modified their holdings of the stock. PVG Asset Management Corp acquired a new position in shares of Viking in the 1st quarter worth approximately $1,008,000. Empowered Funds LLC raised its holdings in shares of Viking by 2,599.9% in the 1st quarter. Empowered Funds LLC now owns 107,969 shares of the company’s stock worth $7,934,000 after buying an additional 103,970 shares in the last quarter. Militia Capital Management LLC acquired a new position in shares of Viking in the 1st quarter worth approximately $265,000. NewEdge Advisors LLC raised its holdings in shares of Viking by 70.2% in the 1st quarter. NewEdge Advisors LLC now owns 6,604 shares of the company’s stock worth $485,000 after buying an additional 2,723 shares in the last quarter. Finally, Glenmede Trust Co. NA acquired a new position in shares of Viking in the 1st quarter worth approximately $238,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Key Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: VIK has strong technical momentum, trading near its 52-week high and above key moving averages, which suggests continued investor confidence in the cruise operator’s growth outlook.
• Positive Sentiment: Analysts remain broadly constructive on Viking, with a “Moderate Buy” consensus and price targets that cluster near or above current levels, including recent upgrades and a $108 target from Loop Capital.
• Neutral Sentiment: Recent coverage comparing VIK with another leisure stock and broader “shipping stocks” watchlist pieces may keep the name in focus, but they do not appear to provide a direct new catalyst for Viking’s business.
• Negative Sentiment: EVP Richard Marnell disclosed multiple share sales over the past few trading days, including larger transactions on June 12 and June 15. While he still holds a sizable stake, insider selling can raise caution among some investors. SEC filing

Analysts Set New Price Targets

A number of analysts have commented on VIK shares. Mizuho raised their price objective on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $105.00 price objective on Viking in a research report on Friday, May 15th. Wall Street Zen upgraded Viking from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and raised their price objective for the stock from $75.00 to $102.00 in a research report on Friday, May 22nd. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.38.

Viking Company Profile

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.