Viking Holdings Ltd. (NYSE:VIK – Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $105.86 and last traded at $104.45, with a volume of 77715 shares. The stock had previously closed at $104.45.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on VIK. Susquehanna boosted their price target on shares of Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Friday, May 15th. BNP Paribas Exane restated an “outperform” rating and set a $121.00 price objective (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. Mizuho lifted their target price on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Finally, UBS Group reissued a “buy” rating and issued a $100.00 price target on shares of Viking in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and a consensus price target of $103.39.
View Our Latest Research Report on Viking
Viking Price Performance
Viking (NYSE:VIK – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $1.05 billion for 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 company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) EPS. Equities analysts expect that Viking Holdings Ltd. will post 3.32 EPS for the current year.
Insider Transactions at Viking
In other Viking news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the transaction, the executive vice president owned 110,930 shares of the company’s stock, valued at $10,460,699. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 17,566 shares of company stock valued at $1,640,166.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Optimize Financial Inc increased its position in shares of Viking by 1.4% during the fourth quarter. Optimize Financial Inc now owns 9,635 shares of the company’s stock worth $688,000 after purchasing an additional 136 shares in the last quarter. GAMMA Investing LLC grew its stake in Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after buying an additional 145 shares during the last quarter. S.A. Mason LLC increased its position in Viking by 7.5% during the fourth quarter. S.A. Mason LLC now owns 2,150 shares of the company’s stock worth $154,000 after buying an additional 150 shares during the period. Hohimer Wealth Management LLC lifted its stake in Viking by 1.3% in the fourth quarter. Hohimer Wealth Management LLC now owns 16,694 shares of the company’s stock valued at $1,192,000 after buying an additional 218 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Viking by 15.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company’s stock valued at $137,000 after buying an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.
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.
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