Richard Marnell Sells 6,120 Shares of Viking (NYSE:VIK) Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 6,120 shares of Viking stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $94.30, for a total transaction of $577,116.00. Following the transaction, the executive vice president directly owned 110,930 shares in the company, valued at $10,460,699. This represents a 5.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $94.67, for a total transaction of $15,052.53.
• On Friday, June 12th, Richard Marnell sold 11,287 shares of Viking stock. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95.

Viking Trading Down 0.6%

Shares of NYSE VIK traded down $0.54 during mid-day trading on Tuesday, reaching $94.29. The company had a trading volume of 3,282,420 shares, compared to its average volume of 3,076,351. The business’s 50-day moving average is $84.50 and its 200-day moving average is $76.55. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The stock has a market cap of $42.02 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. Viking Holdings Ltd. has a 52 week low of $47.02 and a 52 week high of $96.54.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) earnings per share. Equities analysts expect that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

Hedge Funds Weigh In On Viking

Several hedge funds have recently modified their holdings of VIK. Newbridge Financial Services Group Inc. acquired a new position in shares of Viking during the third quarter valued at about $26,000. Activest Wealth Management increased its holdings in shares of Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after acquiring an additional 390 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Viking during the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC increased its holdings in shares of Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after acquiring an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after acquiring an additional 365 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays upped their price objective on shares of Viking from $76.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Friday, May 15th. Loop Capital assumed coverage on shares of Viking in a research note on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective for the company. Susquehanna upped their price objective on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Friday, May 15th. Mizuho upped their price objective on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Viking from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Thirteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.38.

About Viking

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.