Viking (NYSE:VIK) EVP Sells 25,000 Shares of Stock

Key Points

• EVP Jeffrey Dash sold 25,000 Viking shares at an average price of $90.23, for about $2.26 million. After the sale, he retained 395,022 shares, a 5.95% reduction in his ownership.
• Viking’s latest reported quarter beat estimates: earnings were $1.31 per share versus $1.26 expected, while revenue of $2.19 billion exceeded forecasts and rose 16.5% year over year.
• Analysts give Viking a consensus “Moderate Buy” rating and an average price target of $108; shares were trading at $87.59 in the article.

Viking Holdings Ltd. (NYSE:VIK - Get Free Report) EVP Jeffrey Dash sold 25,000 shares of the business's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $90.23, for a total value of $2,255,750.00. Following the sale, the executive vice president owned 395,022 shares in the company, valued at approximately $35,642,835.06. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Viking Trading Up 1.7%

Shares of Viking stock traded up $1.43 on Friday, hitting $87.59. The stock had a trading volume of 2,635,062 shares, compared to its average volume of 3,122,668. The stock has a 50 day moving average of $84.12 and a 200 day moving average of $85.37. The firm has a market capitalization of $39.04 billion, a P/E ratio of 29.10, a PEG ratio of 1.10 and a beta of 1.39. Viking Holdings Ltd. has a twelve month low of $56.67 and a twelve month high of $110.09. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the company earned $0.99 EPS. The firm's revenue was up 16.5% compared to the same quarter last year. Sell-side analysts expect that Viking Holdings Ltd. will post 3.14 earnings per share for the current fiscal year.

Institutional Trading of Viking

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Viking by 654.3% in the second quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company's stock valued at $644,556,000 after purchasing an additional 5,341,580 shares during the last quarter. Bank of America Corp DE boosted its holdings in Viking by 41.0% during the first quarter. Bank of America Corp DE now owns 2,227,293 shares of the company's stock worth $163,661,000 after purchasing an additional 647,606 shares during the last quarter. Ninety One UK Ltd boosted its holdings in Viking by 229.5% during the third quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company's stock worth $152,729,000 after purchasing an additional 1,358,007 shares during the last quarter. Evercore Wealth Management LLC grew its position in Viking by 0.9% in the 1st quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company's stock worth $122,874,000 after purchasing an additional 14,465 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Viking by 14.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,248,078 shares of the company's stock worth $97,600,000 after purchasing an additional 161,532 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

VIK has been the topic of several analyst reports. Benchmark raised shares of Viking to a "strong-buy" rating in a research note on Friday, September 25th. Wells Fargo & Company raised their target price on Viking from $109.00 to $128.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded Viking from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, October 19th. Stifel Nicolaus reduced their price target on Viking from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, September 28th. Finally, Mizuho upped their price target on Viking from $75.00 to $82.00 and gave the company an "underperform" rating in a research report on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $108.00.

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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