Viking Holdings Ltd. (NYSE:VIK - Get Free Report) EVP Richard Marnell sold 159 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $94.67, for a total transaction of $15,052.53. Following the sale, the executive vice president directly owned 110,771 shares of the company's stock, valued at approximately $10,486,690.57. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Richard Marnell also recently made the following trade(s):
- 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 value of $577,116.00.
- On Friday, June 12th, Richard Marnell sold 11,287 shares of Viking stock. The shares were sold at an average price of $92.85, for a total value of $1,047,997.95.
Viking Price Performance
VIK opened at $94.29 on Wednesday. The firm's fifty day moving average price is $84.50 and its two-hundred day moving average price is $76.55. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 1.37 and a beta of 1.59. 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 Holdings Ltd. has a 1 year low of $47.02 and a 1 year high of $96.54.
Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $1.01 billion. During the same period last year, the firm earned ($0.24) earnings per share. The firm's revenue was up 17.5% on a year-over-year basis. As a group, analysts anticipate that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.
Key Headlines Impacting Viking
Here are the key news stories impacting Viking this week:
- Positive Sentiment: Viking remains near its 52-week high and well above its 50-day and 200-day moving averages, which signals strong investor momentum and continued confidence in the cruise operator’s growth outlook.
- Neutral Sentiment: Recent articles highlighting “best shipping stocks” and “shipping stocks to add to your watchlist” may have kept Viking on investors’ radar, but they do not appear to include any company-specific catalyst.
- Neutral Sentiment: Multiple news items about Viking-themed World Cup content and archaeological stories are unrelated to Viking Holdings and are unlikely to affect the stock.
- Negative Sentiment: EVP Richard Marnell disclosed several share sales over June 12-16, including a larger sale of 11,287 shares and additional sales of 6,120 and 159 shares. Insider selling can sometimes be viewed cautiously by investors, even though the executive still retains a large position. SEC filing
Institutional Investors Weigh In On Viking
Institutional investors have recently made changes to their positions in the stock. Activest Wealth Management boosted its holdings in shares of 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 bought a new position in shares of Viking in the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC lifted its stake in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company's stock worth $29,000 after purchasing an additional 316 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company's stock worth $30,000 after purchasing an additional 365 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Viking in the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 98.84% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Barclays raised their price objective on shares of Viking from $76.00 to $88.00 and gave the stock an "equal weight" rating in a report on Friday, May 15th. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the company a "buy" rating in a research report on Tuesday, April 14th. Wall Street Zen upgraded Viking from a "hold" rating to a "buy" rating in a research note on Monday, June 8th. Loop Capital initiated coverage on Viking in a research note on Monday, June 1st. They issued a "buy" rating and a $108.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of Viking from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, May 18th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given 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 $96.38.
View Our Latest Research Report on Viking
About Viking
(
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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