Key Points
- Viking EVP Milton Hugh sold 20,000 shares at an average price of $85.57, generating $1.71 million; he retains 585,571 shares valued at approximately $50.1 million.
- Viking reported quarterly EPS of $1.31, beating estimates by $0.05, while revenue reached $2.19 billion, up 16.5% year over year and above expectations.
- Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $107.33 versus the stock’s reported opening price of $85.05.
Viking Holdings Ltd. (NYSE:VIK - Get Free Report) EVP Milton Hugh sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the completion of the transaction, the executive vice president owned 585,571 shares in the company, valued at $50,107,310.47. This represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Viking Stock Down 1.6%
Shares of NYSE VIK opened at $85.05 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a 52 week low of $56.37 and a 52 week high of $110.09. The firm's fifty day moving average is $96.10 and its 200 day moving average is $88.04. The company has a market cap of $37.91 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 1.02 and a beta of 1.41.
Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The business had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. On average, equities research analysts expect that Viking Holdings Ltd. will post 3.2 earnings per share for the current year.
Institutional Investors Weigh In On Viking
Large investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new position in Viking in the second quarter worth about $31,000. Basecamp Wealth Advisors LLC purchased a new stake in Viking in the first quarter worth about $25,000. SJS Investment Consulting Inc. boosted its position in Viking by 304.4% during the 1st quarter. SJS Investment Consulting Inc. now owns 457 shares of the company's stock valued at $34,000 after acquiring an additional 344 shares in the last quarter. GAMMA Investing LLC boosted its position in Viking by 18.3% during the 2nd quarter. GAMMA Investing LLC now owns 938 shares of the company's stock valued at $98,000 after acquiring an additional 145 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Viking by 1,918.5% during the 4th quarter. IFP Advisors Inc now owns 1,312 shares of the company's stock worth $94,000 after acquiring an additional 1,247 shares during the period. Institutional investors own 98.84% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on VIK. Loop Capital assumed coverage on shares of Viking in a report on Monday, June 1st. They set a "buy" rating and a $108.00 target price for the company. Truist Financial upgraded Viking from a "hold" rating to a "buy" rating and boosted their price target for the company from $75.00 to $102.00 in a report on Friday, May 22nd. Jefferies Financial Group upped their price target on Viking from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Stifel Nicolaus dropped their price objective on Viking from $125.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 20th. Finally, Morgan Stanley increased their price objective on Viking from $86.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday, July 9th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Viking presently has an average rating of "Moderate Buy" and an average price target of $107.33.
View Our Latest Report on VIK
Viking Company Profile
(
Get Free Report)
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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