Viking (NYSE:VIK) EVP Sells $1,047,997.95 in Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the transaction, 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 filing with the SEC, which is available at this hyperlink.

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 transaction 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 transaction of $577,116.00.

Viking Stock Performance

NYSE VIK traded down $0.54 during trading hours on Tuesday, hitting $94.29. The company had a trading volume of 3,282,420 shares, compared to its average volume of 3,076,351. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. Viking Holdings Ltd. has a 1-year low of $47.02 and a 1-year high of $96.54. The company has a market cap of $42.02 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. The business has a 50 day moving average of $84.50 and a 200-day moving average of $76.55.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company 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 firm posted ($0.24) earnings per share. Viking’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities research analysts expect that Viking Holdings Ltd. will post 3.28 EPS for the current year.

Wall Street Analyst Weigh In

VIK has been the subject of several recent research reports. Susquehanna increased their target price 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. JPMorgan Chase & Co. increased their target price on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Weiss Ratings downgraded shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Viking from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Finally, Loop Capital initiated coverage on shares of Viking in a research note on Monday, June 1st. They set a “buy” rating and a $108.00 target price for the company. Thirteen 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VIK. Prosperity Financial Group Inc. acquired a new position in shares of Viking in the fourth quarter worth $1,114,000. World Investment Advisors acquired a new position in shares of Viking in the fourth quarter worth $1,151,000. Hiddenite Capital Partners LP acquired a new position in shares of Viking in the fourth quarter worth $3,213,000. Stephens Investment Management Group LLC raised its holdings in shares of Viking by 39.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock worth $68,278,000 after acquiring an additional 269,274 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Viking in the fourth quarter worth $567,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

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.