Viking (NYSE:VIK) EVP Milton Hugh Sells 20,000 Shares

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

Viking Trading Down 1.6%

Shares of VIK stock traded down $1.37 on Tuesday, hitting $85.05. The company had a trading volume of 3,616,974 shares, compared to its average volume of 2,931,507. The firm has a market cap of $37.91 billion, a P/E ratio of 28.26, a P/E/G ratio of 1.00 and a beta of 1.41. The stock’s 50-day moving average is $96.40 and its two-hundred day moving average is $88.00. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. Viking Holdings Ltd. has a twelve month low of $56.37 and a twelve month high of $110.09.

Viking (NYSE:VIKGet Free Report) last posted its quarterly earnings data on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. On average, equities research analysts anticipate that Viking Holdings Ltd. will post 3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Viking by 654.3% during the second quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock valued at $644,556,000 after purchasing an additional 5,341,580 shares during the period. Norges Bank bought a new position in shares of Viking during the 4th quarter worth about $372,297,000. Goldman Sachs Group Inc. grew its stake in shares of Viking by 406.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,844,499 shares of the company’s stock valued at $131,716,000 after buying an additional 1,480,604 shares during the period. Bank of America Corp DE grew its stake in shares of Viking by 41.0% in the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after buying an additional 647,606 shares during the period. Finally, Corient Private Wealth LP bought a new stake in Viking in the 2nd quarter valued at about $57,131,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VIK has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of Viking in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 target price for the company. Jefferies Financial Group upped their price target on shares of Viking from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Mizuho lifted their price objective on Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a research report on Monday, August 24th. Finally, Morgan Stanley upped their target price on Viking from $86.00 to $93.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.33.

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Viking Company Profile

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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.

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