Viking (NYSE:VIK) EVP Milton Hugh Sells 20,000 Shares of Stock
by Teresa Graham · The Cerbat GemViking Holdings Ltd. (NYSE:VIK – Get Free Report) EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $85.57, for a total value of $1,711,400.00. Following the transaction, the executive vice president directly owned 585,571 shares of the company’s stock, valued at $50,107,310.47. The trade was a 3.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Viking Trading Down 1.6%
Shares of VIK opened at $85.05 on Wednesday. Viking Holdings Ltd. has a twelve month low of $56.37 and a twelve month high of $110.09. The stock has a market cap of $37.91 billion, a PE ratio of 28.26, a P/E/G ratio of 1.02 and a beta of 1.41. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The business’s 50-day moving average price is $96.10 and its 200-day moving average price is $88.04.
Viking (NYSE:VIK – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. Viking’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share. On average, equities analysts forecast that Viking Holdings Ltd. will post 3.2 EPS for the current fiscal year.
Institutional Trading of Viking
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Junto Capital Management LP bought a new position in shares of Viking during the second quarter valued at about $53,317,000. Sequoia Financial Advisors LLC lifted its stake in shares of Viking by 90.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,376 shares of the company’s stock valued at $563,000 after acquiring an additional 2,556 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Viking by 223.0% in the 2nd quarter. Tidal Investments LLC now owns 29,166 shares of the company’s stock valued at $3,053,000 after acquiring an additional 20,137 shares during the last quarter. Scholtz & Company LLC purchased a new stake in Viking during the 2nd quarter valued at about $1,744,000. Finally, WINTON GROUP Ltd purchased a new stake in Viking during the 2nd quarter valued at about $7,535,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on VIK. BNP Paribas Exane restated an “outperform” rating and set a $121.00 price target (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. Morgan Stanley increased their price objective on Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Barclays dropped their price objective on Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, August 31st. Weiss Ratings upgraded Viking from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. Finally, UBS Group upped their target price on Viking from $100.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $107.33.
Viking Company Profile
Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.
Viking’s river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.