Hsbc Holdings PLC Has $1.78 Million Holdings in Viking Holdings Ltd. $VIK

Key Points

• HSBC Holdings PLC cut its stake in Viking Holdings by 84% in the fourth quarter, selling 130,514 shares and leaving it with 24,816 shares worth about $1.78 million.
• Insiders have also been selling: EVP Richard Marnell and EVP Jeffrey Dash both reduced their holdings, and insiders sold 63,935 shares in total during the last quarter.
• Wall Street sentiment is mixed but constructive, with BMO Capital Markets upgrading Viking to “strong-buy” while the stock also drew some bearish options activity; analysts currently rate it a Moderate Buy with a consensus target price of $98.18.

Hsbc Holdings PLC decreased its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 84.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,816 shares of the company's stock after selling 130,514 shares during the period. Hsbc Holdings PLC's holdings in Viking were worth $1,781,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Prosperity Financial Group Inc. bought a new stake in shares of Viking in the 4th quarter worth approximately $1,114,000. Hiddenite Capital Partners LP bought a new stake in shares of Viking during the fourth quarter valued at approximately $3,213,000. World Investment Advisors acquired a new position in shares of Viking in the fourth quarter valued at $1,151,000. Stephens Investment Management Group LLC lifted its position in Viking by 39.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company's stock worth $68,278,000 after purchasing an additional 269,274 shares during the period. Finally, Virtus Wealth Solutions LLC bought a new position in Viking in the fourth quarter worth $1,071,000. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the business's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the transaction, the executive vice president owned 117,050 shares of the company's stock, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey Dash sold 46,369 shares of the firm'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 of the company's stock, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 63,935 shares of company stock valued at $5,360,351.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: BMO Capital Markets upgraded Viking to “strong-buy”, which could support investor sentiment by signaling confidence in the cruise operator’s outlook. Tickerreport.com
• Neutral Sentiment: Viking was mentioned in shipping-stock roundups, but those articles appear to be broad sector lists rather than company-specific catalysts. Top Shipping Stocks To Follow Today - July 7th
• Neutral Sentiment: Several recent stories reference “Viking” in a historical or sports context, including longboats, Viking spirit, and Norway’s World Cup run, but these do not appear related to Viking Holdings’ business performance. I sail the world in a replica 10th-century Viking longboat
• Neutral Sentiment: Passionate trading activity and media coverage around “Viking” themes may keep the ticker in view, but they are unlikely to change fundamentals on their own. Ship enthusiast cites ‘Viking spirit’ as Norway ready for England clash
• Negative Sentiment: Unusual options activity skewed bearish, with traders buying far more put options than usual, suggesting some investors are positioning for downside or hedging against weakness. Tickerreport.com

Viking Price Performance

Shares of Viking stock traded down $1.97 during mid-day trading on Friday, reaching $99.25. 1,379,776 shares of the stock were exchanged, compared to its average volume of 2,659,440. Viking Holdings Ltd. has a fifty-two week low of $55.55 and a fifty-two week high of $105.76. The company has a market cap of $44.23 billion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.48. The firm has a 50-day simple moving average of $92.05 and a 200 day simple moving average of $80.54. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The company's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) earnings per share. On average, sell-side analysts predict that Viking Holdings Ltd. will post 3.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VIK shares. Rothschild & Co Redburn set a $95.00 price target on shares of Viking and gave the company a "buy" rating in a report on Tuesday, April 14th. Susquehanna raised their price objective on shares of Viking from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Friday, May 15th. Barclays lifted their target price on shares of Viking from $88.00 to $93.00 and gave the company an "equal weight" rating in a research report on Wednesday. Morgan Stanley upped their target price on shares of Viking from $86.00 to $93.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, Mizuho increased their price target on shares of Viking from $69.00 to $75.00 and gave the stock an "underperform" rating in a research report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $98.18.

Viking Profile

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.

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