Gibbs Wealth Management Invests $436,000 in Viking Holdings Ltd. $VIK

Gibbs Wealth Management purchased a new stake in Viking Holdings Ltd. (NYSE:VIK) in the 1st quarter, HoldingsChannel reports. The fund purchased 5,929 shares of the company’s stock, valued at approximately $436,000.

A number of other large investors have also recently made changes to their positions in VIK. Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking in the 3rd quarter worth about $26,000. Activest Wealth Management raised its stake in shares of Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Viking in the fourth quarter valued at approximately $28,000. Cornerstone Planning Group LLC lifted its holdings in shares of Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Viking Price Performance

VIK opened at $100.87 on Friday. Viking Holdings Ltd. has a fifty-two week low of $55.55 and a fifty-two week high of $105.76. The firm has a 50-day moving average of $95.18 and a 200 day moving average of $82.36. 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 firm has a market cap of $44.96 billion, a P/E ratio of 37.50, a PEG ratio of 1.16 and a beta of 1.48.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, research analysts expect that Viking Holdings Ltd. will post 3.32 EPS for the current year.

Wall Street Analyst Weigh In

VIK has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Susquehanna lifted their target price on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Loop Capital assumed coverage on Viking in a research note on Monday, June 1st. They issued a “buy” rating and a $108.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Sanford C. Bernstein started coverage on Viking in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Viking has an average rating of “Moderate Buy” and an average price target of $103.39.

Insider Activity at Viking

In related news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the transaction, the executive vice president owned 110,930 shares in the company, valued at approximately $10,460,699. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 17,566 shares of company stock valued at $1,640,166.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking revealed the names of its next two ocean ships, reinforcing the company’s growth pipeline and ongoing fleet expansion strategy, which can support longer-term revenue visibility. Viking Reveals Names of Its Next Two Ocean Ships
• Neutral Sentiment: Several articles covered a dispute involving a different “Viking ship” tied to the film The Odyssey; this appears unrelated to Viking Holdings’ cruise business and is unlikely to have a meaningful impact on VIK shares. ‘The Odyssey’ Hired Their Viking Ship. They Say It Came Back Damaged.
• Neutral Sentiment: Other history-focused “Viking” stories about ancient burials, treasure, and swords are not related to Viking Holdings’ operations and should not affect the stock. New evidence shows ‘Viking burials’ predate Vikings
• Neutral Sentiment: A cruise-industry note about guests receiving an overbooking offer suggests continued demand management in the sector, but it does not appear to be a major catalyst on its own. Viking Cruise Guests Stunned by Generous Overbooking Offer

Viking Profile

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.