Viking (NYSE:VIK) EVP Richard Marnell Sells 159 Shares

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 159 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $94.67, for a total value of $15,052.53. Following the completion of the transaction, the executive vice president directly owned 110,771 shares in the company, valued at approximately $10,486,690.57. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Richard Marnell also recently made the following trade(s):

• On Monday, June 15th, Richard Marnell sold 6,120 shares of Viking stock. The stock was sold at an average price of $94.30, for a total transaction of $577,116.00.
• On Friday, June 12th, Richard Marnell sold 11,287 shares of Viking stock. The shares were sold at an average price of $92.85, for a total value of $1,047,997.95.

Viking Price Performance

VIK stock opened at $94.29 on Wednesday. Viking Holdings Ltd. has a 1 year low of $47.02 and a 1 year high of $96.54. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. The stock has a market cap of $42.02 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 1.37 and a beta of 1.59. The company has a 50 day simple moving average of $84.50 and a 200 day simple moving average of $76.55.

Viking (NYSE:VIK) last posted its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. Research analysts anticipate that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Viking

Several institutional investors and hedge funds have recently made changes to their positions in VIK. Invesco Ltd. boosted its holdings in shares of Viking by 4.1% during the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock worth $1,043,945,000 after buying an additional 570,672 shares in the last quarter. Federated Hermes Inc. boosted its stake in Viking by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock worth $614,960,000 after acquiring an additional 136,918 shares in the last quarter. Norges Bank bought a new position in Viking during the fourth quarter worth $372,297,000. AQR Capital Management LLC grew its holdings in Viking by 316.8% in the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after purchasing an additional 3,364,265 shares during the period. Finally, Dream Peak Capital Ltd bought a new stake in Viking in the fourth quarter valued at $223,744,000. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of research reports. Sanford C. Bernstein assumed coverage on shares of Viking in a report on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 target price on the stock. Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and lifted their target price for the stock from $75.00 to $102.00 in a report on Friday, May 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $86.00 price target (up from $81.00) on shares of Viking in a research note on Friday, May 15th. Finally, Rothschild & Co Redburn set a $95.00 price objective on Viking and gave the stock a “buy” rating in a research report on Tuesday, April 14th. 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. According to data from MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and an average price target of $96.38.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking remains near its 52-week high and well above its 50-day and 200-day moving averages, which signals strong investor momentum and continued confidence in the cruise operator’s growth outlook.
• Neutral Sentiment: Recent articles highlighting “best shipping stocks” and “shipping stocks to add to your watchlist” may have kept Viking on investors’ radar, but they do not appear to include any company-specific catalyst.
• Neutral Sentiment: Multiple news items about Viking-themed World Cup content and archaeological stories are unrelated to Viking Holdings and are unlikely to affect the stock.
• Negative Sentiment: EVP Richard Marnell disclosed several share sales over June 12-16, including a larger sale of 11,287 shares and additional sales of 6,120 and 159 shares. Insider selling can sometimes be viewed cautiously by investors, even though the executive still retains a large position. SEC filing

Viking Company Profile

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.