19,092 Viking Holdings Ltd. $VIK Shares Sold by Park Avenue Securities LLC

Key Points

• Park Avenue Securities cut its Viking stake by 77.1% in the third quarter, selling 19,092 shares and retaining 5,677 shares valued at about $445,000.
• Viking beat quarterly earnings and revenue estimates, reporting EPS of $1.31 versus $1.26 expected and revenue of $2.19 billion, up 16.5% year over year.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $108. Separately, company insiders sold 65,000 shares worth about $5.77 million over the past three months.

Park Avenue Securities LLC lowered its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 77.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,677 shares of the company's stock after selling 19,092 shares during the quarter. Park Avenue Securities LLC's holdings in Viking were worth $445,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Verdence Capital Advisors LLC purchased a new position in shares of Viking during the third quarter worth $290,000. Westover Capital Advisors LLC lifted its stake in Viking by 11.1% during the 3rd quarter. Westover Capital Advisors LLC now owns 5,001 shares of the company's stock worth $392,000 after acquiring an additional 501 shares in the last quarter. Lederer & Associates Investment Counsel CA acquired a new position in Viking during the 3rd quarter worth about $508,000. Norris Perne & French LLP MI purchased a new position in Viking during the 3rd quarter valued at about $8,221,000. Finally, Signaturefd LLC boosted its holdings in Viking by 76.0% during the 3rd quarter. Signaturefd LLC now owns 1,190 shares of the company's stock valued at $93,000 after acquiring an additional 514 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Stock Up 1.7%

Shares of NYSE:VIK traded up $1.43 during trading hours on Friday, reaching $87.59. The stock had a trading volume of 2,635,062 shares, compared to its average volume of 3,058,493. Viking Holdings Ltd. has a 1 year low of $56.67 and a 1 year high of $110.09. The firm's 50 day moving average is $84.08 and its 200-day moving average is $85.47. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The stock has a market capitalization of $39.04 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 1.05 and a beta of 1.39.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. The company's revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. Research analysts predict that Viking Holdings Ltd. will post 3.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Mizuho boosted their price target on shares of Viking from $75.00 to $82.00 and gave the stock an "underperform" rating in a research note on Monday, August 24th. Stifel Nicolaus reduced their price target on shares of Viking from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, September 28th. Morgan Stanley raised their price objective on shares of Viking from $93.00 to $94.00 and gave the company an "equal weight" rating in a research note on Thursday, October 22nd. Citigroup restated a "buy" rating on shares of Viking in a report on Friday, October 2nd. Finally, Wells Fargo & Company upped their target price on shares of Viking from $109.00 to $128.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $108.00.

Insider Buying and Selling at Viking

In other news, EVP Milton Hugh sold 20,000 shares of the company's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $90.19, for a total value of $1,803,800.00. Following the completion of the sale, the executive vice president directly owned 565,571 shares of the company's stock, valued at approximately $51,008,848.49. This represents a 3.42% 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. Also, EVP Jeffrey Dash sold 25,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the sale, the executive vice president owned 395,022 shares of the company's stock, valued at $35,642,835.06. This trade represents a 5.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,000 shares of company stock worth $5,770,950 over the last three months.

Viking Company Profile

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