Shares of Viking Holdings Ltd. (NYSE:VIK – Get Free Report) hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $92.00 and last traded at $91.3550, with a volume of 898835 shares. The stock had previously closed at $82.17.
The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm posted ($0.24) EPS. The company’s revenue was up 17.5% compared to the same quarter last year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on VIK shares. JPMorgan Chase & Co. increased their price target on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Citigroup boosted their price objective on shares of Viking from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Rothschild & Co Redburn set a $95.00 target price on shares of Viking and gave the company a “buy” rating in a research note on Tuesday, April 14th. Mizuho boosted their target price on shares of Viking from $59.00 to $69.00 and gave the stock an “underperform” rating in a research report on Thursday, March 5th. Finally, Stifel Nicolaus increased their target price on Viking from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.29.
Insider Transactions at Viking
In other news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Institutional Investors Weigh In On Viking
A number of large investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new stake in shares of Viking in the third quarter valued at approximately $26,000. Activest Wealth Management grew its position in Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Viking in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC raised its stake in shares of Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after acquiring an additional 316 shares during the period. Finally, SBI Securities Co. Ltd. boosted 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 during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Viking Stock Up 11.2%
The business’s fifty day moving average is $76.43 and its two-hundred day moving average is $71.76. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The stock has a market cap of $40.72 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.49 and a beta of 1.57.
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.
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