15,706 Shares of Viking Holdings Ltd. $VIK Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions acquired 15,706 Viking shares worth approximately $1.64 million during the second quarter. Institutional investors collectively own 98.84% of Viking’s stock, with several other firms also establishing or increasing positions.
• Viking reported stronger-than-expected quarterly results, posting $1.31 in earnings per share and $2.19 billion in revenue. Revenue increased 16.5% year over year, while earnings exceeded analyst estimates by $0.05 per share.
• Analyst sentiment remains favorable, with 16 Buy ratings, two Holds and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $107.11. Separately, executive vice president Milton Hugh sold 20,000 shares at an average price of $85.57.

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,706 shares of the company's stock, valued at approximately $1,644,000.

Several other large investors have also recently modified their holdings of VIK. The Manufacturers Life Insurance Company boosted its position in Viking by 19.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 581,948 shares of the company's stock valued at $42,762,000 after buying an additional 96,166 shares during the period. PVG Asset Management Corp bought a new stake in Viking in the 1st quarter worth $1,008,000. Junto Capital Management LP purchased a new position in shares of Viking in the second quarter valued at about $53,317,000. Orser Capital Management LLC purchased a new position in shares of Viking in the second quarter valued at about $3,061,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of Viking during the first quarter valued at about $1,045,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Buying and Selling

In related news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the sale, the executive vice president directly owned 585,571 shares of the company's stock, valued at approximately $50,107,310.47. This represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Viking Price Performance

Shares of NYSE VIK opened at $80.34 on Friday. The company has a 50 day simple moving average of $93.56 and a two-hundred day simple moving average of $88.38. Viking Holdings Ltd. has a fifty-two week low of $56.37 and a fifty-two week high of $110.09. The company has a market capitalization of $35.81 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 0.94 and a beta of 1.41. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81.

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, topping analysts' consensus estimates of $1.26 by $0.05. The firm had revenue of $2.19 billion for the quarter, compared to analysts' expectations of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%.The business's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. Analysts expect that Viking Holdings Ltd. will post 3.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on Viking from $109.00 to $128.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Morgan Stanley lifted 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. Jefferies Financial Group lifted their price objective on Viking from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Mizuho boosted their target price on Viking from $75.00 to $82.00 and gave the company an "underperform" rating in a research note on Monday, August 24th. Finally, Weiss Ratings upgraded Viking from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, August 27th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.11.

Viking 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.

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