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

Viking Holdings Ltd. (NYSE:VIK – Get Free Report) EVP Richard Marnell sold 6,120 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $94.30, for a total transaction of $577,116.00. Following the completion of the transaction, the executive vice president owned 110,930 shares in the company, valued at approximately $10,460,699. This trade represents a 5.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

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• 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 Stock Performance

NYSE:VIK traded down $0.54 during midday trading on Tuesday, hitting $94.29. The company’s stock had a trading volume of 3,282,420 shares, compared to its average volume of 3,076,351. Viking Holdings Ltd. has a fifty-two week low of $47.02 and a fifty-two week high of $96.54. The firm’s 50 day moving average is $84.50 and its 200-day moving average is $76.55. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. The firm has a market cap of $42.02 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.37 and a beta of 1.59.

Viking (NYSE:VIK – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting 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 for 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. Viking’s quarterly revenue was up 17.5% on a year-over-year basis. Equities analysts anticipate that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

Institutional Trading of Viking

Hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking during the third quarter worth approximately $26,000. Activest Wealth Management grew its position in shares of Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after buying an additional 390 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Viking during the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its position in shares of Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after buying an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in shares of Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after buying 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

VIK has been the subject of a number of recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $86.00 target price (up from $81.00) on shares of Viking in a report on Friday, May 15th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and lifted their price objective for the company from $75.00 to $102.00 in a research note on Friday, May 22nd. Citigroup reaffirmed a “buy” rating on shares of Viking in a research note on Friday, May 15th. Susquehanna lifted their price objective on Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Friday, May 15th. Finally, Mizuho lifted their price objective on Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research note on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.38.

Read Our Latest Stock Analysis on VIK

Viking Company Profile

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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.

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