Viking (NYSE:VIK) Stock Price Down 5.9% – Here’s Why

Shares of Viking Holdings Ltd. (NYSE:VIK) fell 5.9% on Friday . The stock traded as low as $100.04 and last traded at $99.90. 2,519,302 shares changed hands during trading, a decline of 8% from the average session volume of 2,737,270 shares. The stock had previously closed at $106.11.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VIK shares. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Barclays upped their price target on Viking from $88.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Stifel Nicolaus set a $125.00 price target on shares of Viking in a research note on Thursday. Loop Capital began coverage on shares of Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Viking from $108.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $106.22.

Viking Trading Down 8.0%

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 business has a 50-day moving average of $100.11 and a 200-day moving average of $85.86. The firm has a market cap of $43.50 billion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 1.13 and a beta of 1.50.

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

Insider Buying and Selling at Viking

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

Hedge Funds Weigh In On Viking

Hedge funds and other institutional investors have recently made changes to their positions in the company. Basecamp Wealth Advisors LLC bought a new stake in Viking during the first quarter worth $25,000. Activest Wealth Management lifted its stake in Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in Viking in the fourth quarter valued at $28,000. Cornerstone Planning Group LLC grew its position in shares of Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after acquiring an additional 316 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in shares of Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after acquiring an additional 365 shares during the period. 98.84% of the stock is owned by institutional investors.

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.