Maven Securities LTD Takes $6.51 Million Position in Viking Holdings Ltd. $VIK

Key Points

• Maven Securities initiated a $6.51 million position in Viking Holdings during the second quarter by purchasing 62,218 shares. Institutional investors collectively own 98.84% of the company.
• Viking exceeded quarterly expectations, reporting $1.31 in EPS and $2.19 billion in revenue, with revenue up 16.5% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $107.33.
• VIK opened at $88.10, below its 50-day moving average of $97.64 but above its 200-day average of $87.78. An executive vice president sold 17,566 shares worth approximately $1.64 million over the past 90 days.

Maven Securities LTD bought a new position in Viking Holdings Ltd. (NYSE:VIK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 62,218 shares of the company's stock, valued at approximately $6,512,000.

A number of other large investors have also recently added to or reduced their stakes in VIK. Ameritas Advisory Services LLC acquired a new position in Viking during the second quarter valued at approximately $31,000. Basecamp Wealth Advisors LLC acquired a new stake in shares of Viking in the first quarter worth $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Viking during the 4th quarter worth $28,000. SBI Securities Co. Ltd. boosted its holdings in shares of Viking by 651.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company's stock worth $30,000 after buying an additional 365 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Viking in the 3rd quarter valued at $26,000. Institutional investors own 98.84% of the company's stock.

Viking Price Performance

NYSE:VIK opened at $88.10 on Wednesday. The stock has a market cap of $39.26 billion, a P/E ratio of 29.27, a PEG ratio of 1.01 and a beta of 1.41. Viking Holdings Ltd. has a one year low of $56.37 and a one year high of $110.09. The company has a fifty day moving average price of $97.64 and a 200 day moving average price of $87.78. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79.

Viking (NYSE:VIK - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. The business's quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. Analysts anticipate that Viking Holdings Ltd. will post 3.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup reissued a "buy" rating on shares of Viking in a research report on Wednesday, September 2nd. Loop Capital assumed coverage on Viking in a research report on Monday, June 1st. They issued a "buy" rating and a $108.00 price target on the stock. Sanford C. Bernstein assumed coverage on Viking in a research note on Wednesday, June 3rd. They issued an "outperform" rating and a $120.00 price objective on the stock. UBS Group boosted their price objective on Viking from $100.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus decreased their target price on Viking from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $107.33.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 117,050 shares of the company's stock, valued at $10,868,092.50. This represents a 8.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 17,566 shares of company stock worth $1,640,166 in the last 90 days.

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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