Viking Holdings Ltd. $VIK Stock: Sumitomo Mitsui Trust Group Inc. Raises Position

Key Points

• Sumitomo Mitsui Trust Group increased its Viking stake 48.1% in the third quarter, to 60,471 shares valued at about $4.7 million. Institutional investors collectively own 98.84% of the stock.
• Viking beat quarterly earnings and revenue expectations, reporting EPS of $1.31 versus $1.26 forecast and revenue of $2.19 billion; revenue grew 16.5% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $108. Meanwhile, insiders sold 65,000 shares worth about $5.8 million over the past 90 days.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 48.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,471 shares of the company's stock after buying an additional 19,650 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Viking were worth $4,737,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Americana Partners LLC lifted its position in shares of Viking by 13.0% during the 3rd quarter. Americana Partners LLC now owns 3,085 shares of the company's stock worth $242,000 after purchasing an additional 356 shares during the last quarter. Soltis Investment Advisors LLC raised its stake in Viking by 10.7% in the third quarter. Soltis Investment Advisors LLC now owns 4,752 shares of the company's stock valued at $372,000 after buying an additional 460 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Viking by 30.8% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,364 shares of the company's stock valued at $185,000 after buying an additional 557 shares in the last quarter. North Dakota State Investment Board lifted its holdings in Viking by 4.7% during the 3rd quarter. North Dakota State Investment Board now owns 5,424 shares of the company's stock worth $425,000 after buying an additional 242 shares during the last quarter. Finally, Verdence Capital Advisors LLC purchased a new stake in Viking during the 3rd quarter worth about $290,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Stock Performance

NYSE VIK traded up $1.43 during trading hours on Friday, hitting $87.59. 2,635,062 shares of the stock were exchanged, compared to its average volume of 3,058,493. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The stock has a 50-day moving average of $84.08 and a 200 day moving average of $85.47. The company has a market cap of $39.04 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39. Viking Holdings Ltd. has a 12-month low of $56.67 and a 12-month high of $110.09.

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

Insider Buying and Selling at Viking

In other Viking news, EVP Jeffrey Dash sold 25,000 shares of the firm's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the completion of the transaction, the executive vice president directly owned 395,022 shares in the company, valued at approximately $35,642,835.06. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $90.19, for a total transaction of $1,803,800.00. Following the transaction, the executive vice president owned 565,571 shares of the company's stock, valued at approximately $51,008,848.49. The trade was a 3.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,000 shares of company stock valued at $5,770,950 in the last ninety days.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VIK. Jefferies Financial Group boosted their price objective on shares of Viking from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Weiss Ratings downgraded shares of Viking from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, October 19th. Citigroup reiterated a "buy" rating on shares of Viking in a research note on Friday, October 2nd. Susquehanna reduced their price target on shares of Viking from $105.00 to $100.00 and set a "positive" rating for the company in a research report on Tuesday, October 20th. Finally, Truist Financial dropped their price objective on Viking from $102.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $108.00.

Viking Profile

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