New England Research & Management Inc. Acquires 15,650 Shares of Viking Holdings Ltd. $VIK

Key Points

• New England Research & Management acquired 15,650 Viking Holdings shares worth approximately $1.23 million, while institutional investors and hedge funds collectively own 98.84% of the stock.
• Analysts remain broadly positive, with Viking receiving a “Moderate Buy” consensus rating and an average price target of $106.83, despite some target-price and rating changes.
• Viking shares fell 0.8% to $83.29, but the company recently exceeded quarterly expectations with $1.31 in EPS and $2.19 billion in revenue, up 16.5% year over year.

New England Research & Management Inc. bought a new stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,650 shares of the company's stock, valued at approximately $1,226,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIK. Wellington Management Group LLP raised its position in shares of Viking by 654.3% during the second quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company's stock worth $644,556,000 after purchasing an additional 5,341,580 shares during the period. Bank of America Corp DE lifted its holdings in shares of Viking by 41.0% during the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company's stock valued at $163,661,000 after purchasing an additional 647,606 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Viking by 229.5% in the 3rd quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company's stock valued at $152,729,000 after purchasing an additional 1,358,007 shares during the period. Evercore Wealth Management LLC grew its position in shares of Viking by 0.9% in the 1st quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company's stock valued at $122,874,000 after purchasing an additional 14,465 shares during the period. Finally, Corient Private Wealth LP acquired a new position in shares of Viking in the 2nd quarter valued at approximately $57,131,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Viking

In other news, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $85.57, for a total value of $1,711,400.00. Following the sale, the executive vice president directly owned 585,571 shares in the company, valued at $50,107,310.47. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial dropped their target price on shares of Viking from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday, September 24th. Wells Fargo & Company upped their price target on shares of Viking from $109.00 to $128.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Wall Street Zen cut shares of Viking from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. The Goldman Sachs Group increased their price objective on shares of Viking from $108.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Morgan Stanley raised their price objective on shares of Viking from $86.00 to $93.00 and gave the stock an "equal weight" rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Viking has an average rating of "Moderate Buy" and a consensus target price of $106.83.

Viking Stock Down 0.8%

Shares of NYSE:VIK traded down $0.69 during mid-day trading on Friday, reaching $83.29. 3,167,397 shares of the stock were exchanged, compared to its average volume of 4,410,816. The stock's 50 day simple moving average is $86.85 and its 200-day simple moving average is $89.42. Viking Holdings Ltd. has a one year low of $56.37 and a one year high of $110.09. The company has a market cap of $37.12 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.01 and a beta of 1.47. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61.

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

About Viking

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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