Viking (NYSE:VIK) EVP Richard Marnell Sells 11,287 Shares

Viking Holdings Ltd. (NYSE:VIKGet Free Report) EVP Richard Marnell sold 11,287 shares of Viking stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 117,050 shares of the company’s stock, valued at $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 Monday, June 15th, Richard Marnell sold 6,120 shares of Viking stock. The stock was sold at an average price of $94.30, for a total transaction of $577,116.00.

Viking Trading Down 0.6%

VIK stock traded down $0.54 during midday trading on Tuesday, hitting $94.29. The stock had a trading volume of 3,282,420 shares, compared to its average volume of 3,076,351. The firm 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 company’s 50-day moving average price is $84.50 and its 200 day moving average price is $76.55. Viking Holdings Ltd. has a 12-month low of $47.02 and a 12-month high of $96.54. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VIK shares. The Goldman Sachs Group lifted their price target on shares of Viking from $84.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Loop Capital began coverage on shares of Viking in a report on Monday, June 1st. They set a “buy” rating and a $108.00 target price on the stock. Citigroup restated a “buy” rating on shares of Viking in a report on Friday, May 15th. Morgan Stanley restated an “equal weight” rating and set a $86.00 target price (up from $81.00) on shares of Viking in a report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Viking from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.38.

Check Out Our Latest Stock Report on Viking

Hedge Funds Weigh In On Viking

A number of institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking during the third quarter valued at about $26,000. Activest Wealth Management grew its stake 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 stake in shares of Viking during the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC grew its stake 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. grew its stake 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.

Viking Company Profile

(Get Free Report)

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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