20,780 Shares in Viking Holdings Ltd. $VIK Purchased by Ninety One North America Inc.

Key Points

• Ninety One North America initiated a position in Viking Holdings, purchasing 20,780 shares worth approximately $1.63 million. Institutional investors and hedge funds collectively own 98.84% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $106.83, despite some firms recently lowering their targets.
• Viking’s latest quarterly results exceeded expectations: EPS was $1.31 versus the $1.26 consensus, while revenue rose 16.5% year over year to $2.19 billion. The stock recently traded at $83.11, up 0.6%.

Ninety One North America Inc. acquired a new position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 20,780 shares of the company's stock, valued at approximately $1,628,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VIK. GAMMA Investing LLC raised its stake in Viking by 18.3% during the second quarter. GAMMA Investing LLC now owns 938 shares of the company's stock worth $98,000 after acquiring an additional 145 shares during the period. Farther Finance Advisors LLC grew its position in Viking by 3.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,251 shares of the company's stock valued at $490,000 after buying an additional 218 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Viking by 15.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company's stock valued at $137,000 after buying an additional 255 shares during the period. Ameritas Advisory Services LLC bought a new stake in Viking during the second quarter worth approximately $31,000. Finally, Basecamp Wealth Advisors LLC bought a new stake in shares of Viking in the 1st quarter worth $25,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Milton Hugh sold 20,000 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the sale, the executive vice president directly owned 585,571 shares in the company, valued at approximately $50,107,310.47. The trade was a 3.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VIK shares. BMO Capital Markets reissued an "outperform" rating on shares of Viking in a research note on Wednesday, August 26th. Wells Fargo & Company lifted their target price on Viking from $109.00 to $128.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Viking from a "hold (c)" rating to a "buy (b-)" rating in a research note on Thursday, August 27th. Barclays reduced their price target on Viking from $93.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, August 31st. Finally, Truist Financial lowered their price target on Viking from $102.00 to $98.00 and set a "buy" rating for the company in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $106.83.

Viking Stock Up 0.6%

Viking stock traded up $0.51 during mid-day trading on Thursday, hitting $83.11. 783,223 shares of the company's stock were exchanged, compared to its average volume of 3,071,928. Viking Holdings Ltd. has a 1-year low of $56.37 and a 1-year high of $110.09. The stock has a 50 day moving average of $87.74 and a two-hundred day moving average of $89.35. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. The stock has a market cap of $37.04 billion, a P/E ratio of 27.62, a P/E/G ratio of 0.98 and a beta of 1.47.

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

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: Limited relevance to Viking Holdings: Articles about Viking FK’s draw with Bayern Munich, player performances, and alleged on-field antics refer to a soccer club and are unrelated to Viking Holdings’ cruise operations. Bodø/Glimt star slams Viking FK antics Champions League scores
• Neutral Sentiment: Viking Cruises promotional coverage: A lifestyle article highlights Viking River Cruises’ onboard alcohol policy and lack of corkage fees. While this may support consumer awareness of the brand, it contains no booking, pricing, revenue, or profitability data and is unlikely to materially affect VIK’s valuation. Viking River Cruises alcohol policy
• Neutral Sentiment: Historical Viking stories: Reports on human remains, violence, and a suspected Viking raid are archaeological features with no connection to Viking Holdings’ business or stock. Human bones found in Viking homes Viking raid mass grave

Viking Profile

Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-based experiences.

Viking's river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the Mississippi River in the United States.

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