Insider Selling: Viking (NYSE:VIK) EVP Sells $1,711,400.00 in Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the sale, the executive vice president directly owned 585,571 shares of the company’s stock, valued at $50,107,310.47. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Viking Trading Down 0.7%

VIK opened at $84.80 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a 52 week low of $56.37 and a 52 week high of $110.09. The business’s 50 day moving average is $95.51 and its two-hundred day moving average is $88.13. The firm has a market cap of $37.79 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.00 and a beta of 1.41.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. On average, research analysts predict that Viking Holdings Ltd. will post 3.2 EPS for the current year.

Hedge Funds Weigh In On Viking

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in Viking by 654.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock valued at $644,556,000 after acquiring an additional 5,341,580 shares during the last quarter. Norges Bank acquired a new position in Viking during the fourth quarter worth about $372,297,000. Bank of America Corp DE lifted its holdings in shares of Viking by 41.0% in the first quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after purchasing an additional 647,606 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Viking by 406.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,844,499 shares of the company’s stock valued at $131,716,000 after purchasing an additional 1,480,604 shares during the last quarter. Finally, Evercore Wealth Management LLC grew its position in shares of Viking by 0.9% in the first quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock valued at $122,874,000 after purchasing an additional 14,465 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VIK has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Viking in a research note on Wednesday, August 26th. Barclays cut their price target on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, August 31st. Loop Capital began coverage on shares of Viking in a research report on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective for the company. Finally, Jefferies Financial Group lifted their price objective on Viking from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and an average target price of $107.33.

About Viking

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking’s river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.