Milton Hugh Sells 20,000 Shares of Viking (NYSE:VIK) Stock

Key Points

• Viking EVP Milton Hugh sold 20,000 shares at an average price of $85.57, generating approximately $1.71 million. He retains 585,571 shares, worth roughly $50.1 million.
• Viking reported quarterly earnings of $1.31 per share and revenue of $2.19 billion, exceeding analyst estimates; revenue increased 16.5% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $107.33, while institutional investors own 98.84% of the company.

Viking Holdings Ltd. (NYSE:VIK - Get Free Report) EVP Milton Hugh sold 20,000 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00. Following the transaction, the executive vice president directly owned 585,571 shares in the company, valued at approximately $50,107,310.47. This trade represents a 3.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Viking Stock Performance

Shares of VIK traded down $1.37 during mid-day trading on Tuesday, reaching $85.05. The company's stock had a trading volume of 3,616,974 shares, compared to its average volume of 2,931,507. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a 1-year low of $56.37 and a 1-year high of $110.09. The business has a 50-day simple moving average of $96.40 and a two-hundred day simple moving average of $88.00. The stock has a market cap of $37.91 billion, a P/E ratio of 28.26, a PEG ratio of 1.00 and a beta of 1.41.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the firm earned $0.99 EPS. The firm's revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Viking Holdings Ltd. will post 3.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VIK. Stifel Nicolaus cut their target price on shares of Viking from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Weiss Ratings upgraded Viking from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, August 27th. The Goldman Sachs Group upped their target price on Viking from $108.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Citigroup reiterated a "buy" rating on shares of Viking in a research note on Wednesday, September 2nd. Finally, Truist Financial upgraded Viking from a "hold" rating to a "buy" rating and boosted their price target for the company from $75.00 to $102.00 in a research note on Friday, May 22nd. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Viking currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its holdings in Viking by 654.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company's stock valued at $644,556,000 after buying an additional 5,341,580 shares during the last quarter. Norges Bank bought a new stake in Viking during the 4th quarter worth approximately $372,297,000. Goldman Sachs Group Inc. increased its position in Viking by 406.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,844,499 shares of the company's stock valued at $131,716,000 after acquiring an additional 1,480,604 shares during the period. Bank of America Corp DE increased its position in Viking by 41.0% in 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 acquiring an additional 647,606 shares during the period. Finally, Corient Private Wealth LP bought a new position in shares of Viking during the second quarter valued at $57,131,000. Institutional investors and hedge funds own 98.84% of the company's stock.

About Viking

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking's river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.

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