Viking Holdings Ltd. $VIK Shares Sold by Diversify Wealth Management LLC

Key Points

• Diversify Wealth Management LLC cut its Viking Holdings stake by 26.2% in the fourth quarter, selling 17,676 shares and ending with 49,780 shares worth about $3.56 million.
• Viking also saw notable insider selling, with EVP Jeffrey Dash selling 46,369 shares for about $3.72 million, a move that reduced his position by 9.94%.
• Analyst sentiment remains generally positive: Viking has 11 Buy ratings versus three Holds and two Sells, with a Moderate Buy consensus and an average price target of $84.14.

Diversify Wealth Management LLC reduced its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 26.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 49,780 shares of the company's stock after selling 17,676 shares during the quarter. Diversify Wealth Management LLC's holdings in Viking were worth $3,562,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Viking in the 3rd quarter valued at $26,000. Activest Wealth Management increased its stake in Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company's stock valued at $28,000 after buying an additional 390 shares during the period. Cornerstone Planning Group LLC increased its stake in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company's stock valued at $29,000 after buying an additional 316 shares during the period. SBI Securities Co. Ltd. increased its stake in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company's stock valued at $30,000 after buying an additional 365 shares during the period. Finally, CI Investments Inc. increased its stake in Viking by 53.1% in the 3rd quarter. CI Investments Inc. now owns 551 shares of the company's stock valued at $34,000 after buying an additional 191 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the firm's stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares of the company's stock, valued at $33,698,365.06. This trade represents a 9.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of recent analyst reports. Rothschild & Co Redburn set a $95.00 price target on shares of Viking and gave the stock a "buy" rating in a research note on Tuesday, April 14th. Wall Street Zen cut shares of Viking from a "buy" rating to a "hold" rating in a research note on Saturday. Bank of America upped their price target on shares of Viking from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, January 12th. JPMorgan Chase & Co. upped their price target on shares of Viking from $87.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, April 27th. Finally, Morgan Stanley upped their price target on shares of Viking from $75.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.14.

Key Stories Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Recent travel coverage highlighting Viking Ocean Cruises’ deluxe veranda cabins could support the brand’s premium image and reinforce demand for its higher-end cruise offerings. What Viking Deluxe Veranda cabins really look like inside
• Neutral Sentiment: Another travel article about unexpected add-on costs on Viking Ocean Cruises may draw attention to pricing transparency, but it does not directly signal a material change in demand or earnings. What Viking Ocean Cruises don’t spell out until the bill starts growing
• Neutral Sentiment: Historical and archaeological stories about Vikings, including a gold hoard in Denmark and Viking-era coins turned into jewelry, are not tied to Viking Holdings’ operating results, but they keep the “Viking” name in the news. Major Gold Hoard of Viking Elite Unearthed in Denmark Coins minted to protect the English from the Vikings ended up as Viking jewelry, experts discover
• Negative Sentiment: Zacks says Viking Holdings may report negative earnings next week, citing an unfavorable setup for an earnings beat; that pre-earnings caution is likely pressuring the stock. Viking Holdings (VIK) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Viking Price Performance

Viking stock opened at $82.60 on Friday. Viking Holdings Ltd. has a 52 week low of $42.20 and a 52 week high of $87.00. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The firm's 50-day simple moving average is $76.12 and its 200 day simple moving average is $71.18. The firm has a market capitalization of $36.81 billion, a PE ratio of 32.14, a P/E/G ratio of 1.55 and a beta of 1.57.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. The business had revenue of $1.72 billion for the quarter. On average, equities research analysts predict that Viking Holdings Ltd. will post 3.31 EPS for the current fiscal year.

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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