Viking (NYSE:VIK) EVP Richard Marnell Sells 6,120 Shares of Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 6,120 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $94.30, for a total transaction of $577,116.00. Following the sale, the executive vice president owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. This represents a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Richard Marnell also recently made the following trade(s):

• On Tuesday, June 16th, Richard Marnell sold 159 shares of Viking stock. The stock was sold at an average price of $94.67, for a total transaction of $15,052.53.
• On Friday, June 12th, Richard Marnell sold 11,287 shares of Viking stock. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95.

Viking Stock Performance

NYSE VIK opened at $94.29 on Wednesday. The firm has a 50-day moving average of $84.50 and a 200-day moving average of $76.55. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The stock has a market cap of $42.02 billion, a PE ratio of 35.05, a P/E/G ratio of 1.37 and a beta of 1.59. Viking Holdings Ltd. has a 52-week low of $47.02 and a 52-week high of $96.54.

Viking (NYSE:VIK) last posted its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. Viking’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.24) EPS. On average, sell-side analysts anticipate that Viking Holdings Ltd. will post 3.28 EPS for the current year.

Analyst Ratings Changes

VIK has been the subject of a number of recent research reports. Susquehanna boosted their price objective on shares of Viking from $100.00 to $105.00 and gave the company a “positive” rating in a report on Friday, May 15th. JPMorgan Chase & Co. boosted their price objective on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Wells Fargo & Company raised shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $79.00 to $109.00 in a report on Monday, May 18th. Loop Capital initiated coverage on shares of Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective for the company. Finally, Mizuho boosted their price objective on shares of Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a report on Friday, May 15th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

Hedge Funds Weigh In On Viking

A number of institutional investors have recently added to or reduced their stakes in VIK. Newbridge Financial Services Group Inc. acquired a new position in Viking during the 3rd quarter worth approximately $26,000. Activest Wealth Management increased its position in Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares in the last quarter. Bank of Jackson Hole Trust acquired a new position in Viking during the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its position in Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in Viking by 651.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 365 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking News Roundup

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking remains near its 52-week high and well above its 50-day and 200-day moving averages, which signals strong investor momentum and continued confidence in the cruise operator’s growth outlook.
• Neutral Sentiment: Recent articles highlighting “best shipping stocks” and “shipping stocks to add to your watchlist” may have kept Viking on investors’ radar, but they do not appear to include any company-specific catalyst.
• Neutral Sentiment: Multiple news items about Viking-themed World Cup content and archaeological stories are unrelated to Viking Holdings and are unlikely to affect the stock.
• Negative Sentiment: EVP Richard Marnell disclosed several share sales over June 12-16, including a larger sale of 11,287 shares and additional sales of 6,120 and 159 shares. Insider selling can sometimes be viewed cautiously by investors, even though the executive still retains a large position. SEC filing

About Viking

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.