Viking Holdings Ltd. (VIK) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts are broadly positive: Viking has a “Moderate Buy” consensus among 20 analysts, with 15 buy and one strong-buy rating; the average 12-month price target is $107.44.
• Quarterly results topped expectations: Viking reported EPS of $1.31 versus the $1.26 consensus and revenue of $2.19 billion versus $2.14 billion expected. Revenue rose 16.5% year over year.
• Executives have been selling shares: Insiders sold 65,000 shares worth about $5.77 million over the last three months.

Viking Holdings Ltd. (NYSE:VIK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $107.44.

Several analysts have recently commented on VIK shares. Citigroup reaffirmed a "buy" rating on shares of Viking in a research report on Friday, October 2nd. BMO Capital Markets reissued an "outperform" rating on shares of Viking in a research report on Wednesday, August 26th. Truist Financial reduced their price objective on Viking from $102.00 to $98.00 and set a "buy" rating for the company in a research note on Thursday, September 24th. Barclays reduced 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. Finally, Mizuho raised their price objective on Viking from $75.00 to $82.00 and gave the stock an "underperform" rating in a research report on Monday, August 24th.

Viking Trading Up 1.0%

VIK stock traded up $0.90 during mid-day trading on Friday, reaching $89.78. 4,413,956 shares of the stock traded hands, compared to its average volume of 3,675,392. Viking has a 52-week low of $56.67 and a 52-week high of $110.09. The stock's fifty day moving average is $84.33 and its 200-day moving average is $85.96. The company has a market cap of $40.01 billion, a P/E ratio of 29.83, a P/E/G ratio of 1.07 and a beta of 1.39. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The firm's quarterly revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts expect that Viking will post 3.13 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Milton Hugh sold 20,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 565,571 shares of the company's stock, valued at approximately $51,008,848.49. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey Dash sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the transaction, the executive vice president directly owned 395,022 shares in the company, valued at $35,642,835.06. The trade was a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,000 shares of company stock valued at $5,770,950 over the last three months.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Viking during the 3rd quarter valued at about $679,000. Headlands Technologies LLC bought a new stake in Viking in the third quarter worth $306,000. Empowered Funds LLC boosted its holdings in Viking by 2.9% in the third quarter. Empowered Funds LLC now owns 4,280 shares of the company's stock worth $335,000 after purchasing an additional 121 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Viking by 23.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 413,000 shares of the company's stock worth $32,350,000 after buying an additional 78,200 shares during the last quarter. Finally, Xcelsior Advisor Partners LLC bought a new position in Viking during the third quarter valued at about $209,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

About Viking

Viking Holdings Ltd. operates cruise voyages through its Viking brand, offering river, ocean and expedition cruises. Its trips are designed around destination-focused itineraries and include onboard cultural and educational programming. The company's river cruises visit destinations across Europe, Asia, Egypt and the United States, while its ocean and expedition voyages travel to regions around the world. Viking began as a river cruise company in 1997 and later expanded into ocean and expedition cruising.

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