TD Waterhouse Canada Inc. Sells 23,336 Shares of Viking Holdings Ltd. $VIK

TD Waterhouse Canada Inc. reduced its holdings in Viking Holdings Ltd. (NYSE:VIK) by 98.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 473 shares of the company’s stock after selling 23,336 shares during the period. TD Waterhouse Canada Inc.’s holdings in Viking were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Basecamp Wealth Advisors LLC purchased a new position in Viking in the first quarter worth about $25,000. Ameritas Advisory Services LLC bought a new stake in Viking during the second quarter worth approximately $31,000. SJS Investment Consulting Inc. raised its position in Viking by 304.4% during the first quarter. SJS Investment Consulting Inc. now owns 457 shares of the company’s stock valued at $34,000 after purchasing an additional 344 shares during the period. GAMMA Investing LLC raised its position in Viking by 18.3% during the second quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock valued at $98,000 after purchasing an additional 145 shares during the period. Finally, Ninety One SA Pty Ltd bought a new stake in shares of Viking in the 3rd quarter valued at approximately $110,000. 98.84% of the stock is currently owned by institutional investors.

Viking Price Performance

VIK opened at $84.62 on Tuesday. The business has a fifty day moving average of $85.09 and a 200 day moving average of $84.75. The stock has a market cap of $37.71 billion, a P/E ratio of 28.11, a PEG ratio of 0.99 and a beta of 1.47. 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 $56.37 and a 52-week high of $110.09.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The firm had revenue of $2.19 billion for 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 business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, sell-side analysts anticipate that Viking Holdings Ltd. will post 3.14 EPS for the current year.

Insider Activity at Viking

In other news, EVP Milton Hugh sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 585,571 shares in the company, valued at approximately $50,107,310.47. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

VIK has been the topic of several recent research reports. Wells Fargo & Company increased their price target on Viking from $109.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Truist Financial dropped their price objective on shares of Viking from $102.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Benchmark upgraded shares of Viking to a “strong-buy” rating in a research report on Friday, September 25th. Citigroup reissued a “buy” rating on shares of Viking in a research note on Friday, October 2nd. Finally, Susquehanna lowered their target price on shares of Viking from $105.00 to $100.00 and set a “positive” rating for the company in a report on Tuesday, October 20th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.61.

Viking Company Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the United States.