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

Key Points

• EVP Milton Hugh sold 20,000 Viking shares at an average price of $90.19, totaling about $1.8 million. After the sale, he directly owned 565,571 shares, a 3.42% reduction in his stake.
• Viking shares rose 1.7% to $87.59 in Friday trading. The company’s latest reported quarter beat analyst estimates, with EPS of $1.31 and revenue up 16.5% year over year.
• Analysts hold a consensus “Moderate Buy” rating and an average price target of $108.00.

Viking Holdings Ltd. (NYSE:VIK - Get Free Report) EVP Milton Hugh sold 20,000 shares of the firm's 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 completion of the sale, the executive vice president directly owned 565,571 shares of the company's stock, valued at approximately $51,008,848.49. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Milton Hugh also recently made the following trade(s):

• On Friday, September 11th, Milton Hugh sold 20,000 shares of Viking stock. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00.

Viking Stock Up 1.7%

Shares of VIK stock traded up $1.43 during midday trading on Friday, reaching $87.59. 2,635,062 shares of the stock were exchanged, compared to its average volume of 3,122,668. Viking Holdings Ltd. has a 1 year low of $56.67 and a 1 year high of $110.09. The firm has a market cap of $39.04 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. The company's 50 day moving average is $84.12 and its two-hundred day moving average is $85.37. 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 (NYSE:VIK - Get Free Report) last released its earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, beating 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 company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same quarter last year, the business posted $0.99 EPS. The firm's revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities research analysts predict that Viking Holdings Ltd. will post 3.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BNP Paribas Exane restated an "outperform" rating and set a $121.00 target price (up from $104.00) on shares of Viking in a report on Tuesday, July 14th. Benchmark upgraded shares of Viking to a "strong-buy" rating in a research note on Friday, September 25th. Jefferies Financial Group upped their price objective on shares of Viking from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 17th. Mizuho raised their target price on shares of Viking from $75.00 to $82.00 and gave the company an "underperform" rating in a research note on Monday, August 24th. Finally, The Goldman Sachs Group lifted their target price on shares of Viking from $108.00 to $120.00 and gave the company a "buy" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.00.

Hedge Funds Weigh In On Viking

Several institutional investors and hedge funds have recently modified their holdings of the stock. Compass Capital Management Inc. boosted its stake in Viking by 164.8% in the 3rd quarter. Compass Capital Management Inc. now owns 69,531 shares of the company's stock worth $5,446,000 after purchasing an additional 43,269 shares in the last quarter. Allworth Financial LP grew its position in Viking by 1.7% during the 3rd quarter. Allworth Financial LP now owns 11,677 shares of the company's stock valued at $915,000 after purchasing an additional 190 shares during the last quarter. Private Advisory Group LLC increased its stake in Viking by 117.2% during the 3rd quarter. Private Advisory Group LLC now owns 16,785 shares of the company's stock valued at $1,315,000 after purchasing an additional 9,056 shares in the last quarter. Eurizon Capital SGR S.p.A. increased its stake in Viking by 48.5% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 3,673 shares of the company's stock valued at $288,000 after purchasing an additional 1,199 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Viking by 77.6% in the third quarter. CENTRAL TRUST Co now owns 4,380 shares of the company's stock worth $343,000 after buying an additional 1,914 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Company Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-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 United States.

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