Viking (NYSE:VIK) EVP Sells 20,000 Shares of Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 565,571 shares of the company’s stock, valued at approximately $51,008,848.49. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $85.57, for a total value of $1,711,400.00.

Viking Stock Up 1.7%

VIK traded up $1.43 during trading on Friday, hitting $87.59. 2,635,062 shares of the company’s stock traded hands, compared to its average volume of 3,122,668. The stock has a market capitalization of $39.04 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.10 and a beta of 1.39. The company’s 50 day simple moving average is $84.12 and its two-hundred day simple moving average is $85.37. Viking Holdings Ltd. has a 12-month low of $56.67 and a 12-month high of $110.09. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61.

Viking (NYSE:VIK) last released its quarterly earnings data 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 firm 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 quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. Analysts predict that Viking Holdings Ltd. will post 3.14 earnings per share for the current fiscal year.

Institutional Trading of Viking

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Compass Capital Management Inc. lifted its position in shares of Viking by 164.8% during 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 in the last quarter. Allworth Financial LP grew its stake in shares of Viking by 1.7% during the 3rd quarter. Allworth Financial LP now owns 11,677 shares of the company’s stock valued at $915,000 after acquiring an additional 190 shares during the period. Private Advisory Group LLC increased its holdings in Viking by 117.2% in the 3rd quarter. Private Advisory Group LLC now owns 16,785 shares of the company’s stock worth $1,315,000 after acquiring an additional 9,056 shares in the last quarter. Eurizon Capital SGR S.p.A. increased its holdings in Viking by 48.5% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 3,673 shares of the company’s stock worth $288,000 after acquiring an additional 1,199 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in Viking by 77.6% during the 3rd quarter. CENTRAL TRUST Co now owns 4,380 shares of the company’s stock worth $343,000 after acquiring an additional 1,914 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark upgraded Viking to a “strong-buy” rating in a research report on Friday, September 25th. Bank of America dropped their target price on Viking from $115.00 to $105.00 in a research report on Tuesday, October 13th. Mizuho boosted their price target on Viking from $75.00 to $82.00 and gave the company an “underperform” rating in a research note on Monday, August 24th. Stifel Nicolaus reduced their price target on shares of Viking from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Finally, Truist Financial lowered their price objective on shares of Viking from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.00.

About Viking

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.