Jeffrey Dash Sells 46,369 Shares of Viking (NYSE:VIK) Stock
by Teresa Graham · The Cerbat GemViking Holdings Ltd. (NYSE:VIK – Get Free Report) EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the sale, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jeffrey Dash also recently made the following trade(s):
- On Wednesday, April 8th, Jeffrey Dash sold 28,631 shares of Viking stock. The shares were sold at an average price of $80.22, for a total value of $2,296,778.82.
Viking Price Performance
Shares of NYSE:VIK traded down $0.83 on Thursday, hitting $80.35. The company had a trading volume of 3,370,462 shares, compared to its average volume of 2,684,862. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. Viking Holdings Ltd. has a 52-week low of $36.99 and a 52-week high of $81.98. The business has a 50 day moving average of $74.58 and a 200 day moving average of $68.97. The company has a market cap of $35.81 billion, a PE ratio of 31.26, a PEG ratio of 1.50 and a beta of 1.90.
Viking (NYSE:VIK – Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business had revenue of $1.72 billion for the quarter. As a group, equities analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.
Analysts Set New Price Targets
VIK has been the subject of several analyst reports. Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a research note on Monday. Mizuho upped their target price on Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Morgan Stanley upped their target price on Viking from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Finally, Bank of America upped their target price on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.67.
View Our Latest Report on Viking
Trending Headlines about Viking
Here are the key news stories impacting Viking this week:
- Positive Sentiment: Rothschild & Co Redburn upgraded VIK from “neutral” to “buy” and raised its price target to $95, signaling notable analyst conviction and offering ~18% upside from recent levels. Rothschild upgrade
- Positive Sentiment: Citigroup published a bullish forecast for VIK, reinforcing upward analyst momentum that likely supported earlier gains. Citigroup Forecast
- Positive Sentiment: Coverage noting a new 52-week high and an 80+ relative strength rating increased visibility and technical buying interest this week. These signals often attract momentum traders. 52-Week High Article Relative strength article
- Neutral Sentiment: CEO Torstein Hagen appeared on CNBC with Jim Cramer — useful for investor awareness but not a direct catalyst beyond publicity. CNBC interview
- Neutral Sentiment: NYSE issued a market-floor advisory noting Viking’s two-year anniversary since going public — a PR/visibility item with limited financial impact. NYSE advisory
- Neutral Sentiment: Several consumer and sports pieces referencing “Viking” (travel features, a sports profile) are unrelated to the company’s fundamentals but may add incidental visibility. MSN travel NYT sports
- Negative Sentiment: EVP Jeffrey Dash sold 46,369 shares (~9.94% reduction of his position) at ~$80.23, a transaction that can be perceived negatively by investors monitoring insider activity. SEC filing: SEC filing
Institutional Investors Weigh In On Viking
Several institutional investors and hedge funds have recently added to or reduced their stakes in VIK. Federated Hermes Inc. increased its stake in Viking by 381.8% during the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after acquiring an additional 6,715,666 shares during the last quarter. Norges Bank acquired a new stake in Viking during the fourth quarter worth about $372,297,000. Massachusetts Financial Services Co. MA increased its stake in Viking by 80.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after acquiring an additional 3,615,969 shares during the last quarter. Invesco Ltd. increased its stake in Viking by 32.8% during the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after acquiring an additional 3,471,244 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Viking by 316.8% during the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after acquiring an additional 3,364,265 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.
About Viking
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.