Viking (NYSE:VIK) Hits New 1-Year High – What’s Next?

Viking Holdings Ltd. (NYSE:VIK) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $105.76 and last traded at $105.10, with a volume of 2364257 shares trading hands. The stock had previously closed at $103.26.

Analyst Ratings Changes

VIK has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a report on Friday, May 15th. Rothschild & Co Redburn set a $95.00 price objective on Viking and gave the company a “buy” rating in a report on Tuesday, April 14th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and raised their target price for the stock from $75.00 to $102.00 in a research report on Friday, May 22nd. Loop Capital initiated coverage on Viking in a research report on Monday, June 1st. They set a “buy” rating and a $108.00 target price for the company. Finally, Morgan Stanley reaffirmed 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. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $96.38.

Viking Price Performance

The business’s 50 day moving average is $89.31 and its two-hundred day moving average is $79.15. The firm has a market cap of $45.37 billion, a P/E ratio of 37.84, a P/E/G ratio of 1.51 and a beta of 1.48. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last released its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned ($0.24) earnings per share. Viking’s revenue for the quarter 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 year.

Insider Transactions at Viking

In related news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 117,050 shares in the company, valued at $10,868,092.50. This represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This represents a 9.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,566 shares of company stock worth $7,657,130 over the last three months.

Hedge Funds Weigh In On Viking

A number of institutional investors and hedge funds have recently modified their holdings of VIK. Basecamp Wealth Advisors LLC acquired a new position in shares of Viking during the first quarter valued at about $25,000. Activest Wealth Management grew its stake in shares of Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after buying an additional 390 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Viking in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC grew its stake in shares of Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after buying an additional 316 shares during the period. Finally, SBI Securities Co. Ltd. increased its position in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

About Viking

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.