Gibbs Wealth Management Buys Shares of 5,929 Viking Holdings Ltd. $VIK

Gibbs Wealth Management bought a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,929 shares of the company’s stock, valued at approximately $436,000.

Other institutional investors also recently modified their holdings of the company. Prosperity Financial Group Inc. acquired a new position in Viking in the 4th quarter worth about $1,114,000. Hiddenite Capital Partners LP acquired a new stake in shares of Viking during the fourth quarter valued at about $3,213,000. World Investment Advisors bought a new stake in shares of Viking during the fourth quarter worth about $1,151,000. Stephens Investment Management Group LLC grew its holdings in shares of Viking by 39.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock worth $68,278,000 after purchasing an additional 269,274 shares during the last quarter. Finally, Virtus Wealth Solutions LLC acquired a new position in shares of Viking in the fourth quarter valued at approximately $1,071,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking revealed the names of its next two ocean ships, reinforcing the company’s growth pipeline and ongoing fleet expansion strategy, which can support longer-term revenue visibility. Viking Reveals Names of Its Next Two Ocean Ships
• Neutral Sentiment: Several articles covered a dispute involving a different “Viking ship” tied to the film The Odyssey; this appears unrelated to Viking Holdings’ cruise business and is unlikely to have a meaningful impact on VIK shares. ‘The Odyssey’ Hired Their Viking Ship. They Say It Came Back Damaged.
• Neutral Sentiment: Other history-focused “Viking” stories about ancient burials, treasure, and swords are not related to Viking Holdings’ operations and should not affect the stock. New evidence shows ‘Viking burials’ predate Vikings
• Neutral Sentiment: A cruise-industry note about guests receiving an overbooking offer suggests continued demand management in the sector, but it does not appear to be a major catalyst on its own. Viking Cruise Guests Stunned by Generous Overbooking Offer

Insider Activity

In other news, EVP Richard Marnell sold 11,287 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the sale, the executive vice president owned 117,050 shares of the company’s stock, valued at $10,868,092.50. This trade represents a 8.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 17,566 shares of company stock worth $1,640,166.

Viking Price Performance

VIK stock opened at $100.87 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The firm has a market cap of $44.96 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 1.16 and a beta of 1.48. The company’s fifty day simple moving average is $95.18 and its 200 day simple moving average is $82.36. Viking Holdings Ltd. has a 12-month low of $55.55 and a 12-month high of $105.76.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $1.05 billion during 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 business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the company posted ($0.24) EPS. On average, analysts expect that Viking Holdings Ltd. will post 3.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VIK shares. Susquehanna lifted their target price on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Jefferies Financial Group lifted their price target on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 17th. BMO Capital Markets assumed coverage on shares of Viking in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $115.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, The Goldman Sachs Group lifted their target price on Viking from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.39.

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.