Viking Holdings Ltd. $VIK Stock Position Lowered by Parallel Advisors LLC

Parallel Advisors LLC lowered its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 10.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,905 shares of the company’s stock after selling 7,834 shares during the period. Parallel Advisors LLC’s holdings in Viking were worth $5,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in VIK. Wellington Management Group LLP boosted its position in shares of Viking by 654.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock valued at $644,556,000 after purchasing an additional 5,341,580 shares during the period. Ninety One UK Ltd increased its position in Viking by 229.5% during the third quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock worth $152,729,000 after buying an additional 1,358,007 shares during the period. Bank of America Corp DE increased its position in Viking by 41.0% during the first quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock worth $163,661,000 after buying an additional 647,606 shares during the period. Corient Private Wealth LP acquired a new position in Viking during the second quarter worth approximately $57,131,000. Finally, Junto Capital Management LP purchased a new stake in Viking in the second quarter valued at approximately $53,317,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VIK. BNP Paribas Exane reissued an “outperform” rating and issued a $121.00 price objective (up from $104.00) on shares of Viking in a report on Tuesday, July 14th. Benchmark raised shares of Viking to a “strong-buy” rating in a report on Friday, September 25th. Weiss Ratings cut shares of Viking from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 19th. Citigroup reiterated a “buy” rating on shares of Viking in a research report on Friday, October 2nd. Finally, Morgan Stanley increased their price target on shares of Viking from $93.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

Viking Stock Up 1.7%

Viking stock opened at $87.59 on Friday. Viking Holdings Ltd. has a twelve month low of $56.67 and a twelve month high of $110.09. The stock has a 50 day moving average of $84.08 and a two-hundred day moving average of $85.47. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. The stock has a market capitalization of $39.04 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.06 and a beta of 1.39.

Viking (NYSE:VIK) last announced its earnings results 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 company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. As a group, research analysts expect that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Insider Buying and Selling at Viking

In related news, EVP Jeffrey Dash sold 25,000 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the completion of the sale, the executive vice president directly owned 395,022 shares of the company’s stock, valued at $35,642,835.06. This trade represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction on Wednesday, November 4th. The shares were 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 in the company, valued at approximately $51,008,848.49. This trade represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 65,000 shares of company stock valued at $5,770,950.

About Viking