Key Points
- EVP Jeffrey Dash sold 25,000 Viking shares on November 4 at an average price of $90.23, receiving about $2.26 million. He retained 395,022 shares, a 5.95% reduction in his position.
- Viking’s latest reported quarter beat expectations: EPS was $1.31 versus $1.26 forecast, while revenue reached $2.19 billion and rose 16.5% year over year.
- Analysts’ average rating was Moderate Buy, with an average price target of $108; institutional investors owned 98.84% of the shares.
Viking Holdings Ltd. (NYSE:VIK - Get Free Report) EVP Milton Hugh sold 20,000 shares of the business's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $90.19, for a total transaction of $1,803,800.00. Following the sale, the executive vice president directly owned 565,571 shares in the company, valued at $51,008,848.49. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Milton Hugh also recently made the following trade(s):
- On Friday, September 11th, Milton Hugh sold 20,000 shares of Viking stock. The stock was sold at an average price of $85.57, for a total transaction of $1,711,400.00.
Viking Stock Up 1.7%
VIK opened at $87.59 on Friday. The firm has a 50-day simple moving average of $84.08 and a two-hundred day simple moving average of $85.47. 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 $56.67 and a 52 week high of $110.09. The company has a market capitalization of $39.04 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39.
Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Viking's revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. Analysts forecast that Viking Holdings Ltd. will post 3.14 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on VIK. Mizuho increased their price target on Viking from $75.00 to $82.00 and gave the stock an "underperform" rating in a research note on Monday, August 24th. UBS Group reissued a "buy" rating on shares of Viking in a report on Wednesday, September 30th. Bank of America lowered their price objective on Viking from $115.00 to $105.00 in a report on Tuesday, October 13th. Truist Financial cut their price objective on shares of Viking from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday, September 24th. Finally, Weiss Ratings lowered shares of Viking from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $108.00.
Read Our Latest Analysis on Viking
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Aberdeen Group plc acquired a new stake in shares of Viking during the 3rd quarter valued at about $121,701,000. Compass Capital Management Inc. increased its stake in Viking by 164.8% in the 3rd quarter. Compass Capital Management Inc. now owns 69,531 shares of the company's stock valued at $5,446,000 after buying an additional 43,269 shares during the period. Allworth Financial LP increased its position in shares of Viking by 1.7% during the 3rd quarter. Allworth Financial LP now owns 11,677 shares of the company's stock worth $915,000 after purchasing an additional 190 shares in the last quarter. Private Advisory Group LLC raised its holdings in Viking by 117.2% during the 3rd quarter. Private Advisory Group LLC now owns 16,785 shares of the company's stock worth $1,315,000 after buying an additional 9,056 shares during the period. Finally, Eurizon Capital SGR S.p.A. boosted its position in shares of Viking by 48.5% in the third quarter. Eurizon Capital SGR S.p.A. now owns 3,673 shares of the company's stock valued at $288,000 after acquiring an additional 1,199 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.
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