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

Viking Holdings Ltd. (NYSE:VIK) EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $90.19, for a total value of $1,803,800.00. Following the transaction, the executive vice president owned 565,571 shares in the company, valued at $51,008,848.49. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 shares were sold at an average price of $85.57, for a total transaction of $1,711,400.00.

Viking Stock Performance

Viking stock opened at $87.59 on Friday. Viking Holdings Ltd. has a 1 year low of $56.67 and a 1 year high of $110.09. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. The company has a market cap of $39.04 billion, a PE ratio of 29.10, a PEG ratio of 1.05 and a beta of 1.39. The company’s 50-day moving average is $84.08 and its two-hundred day moving average is $85.47.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the prior year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities analysts anticipate that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Institutional Investors Weigh In On Viking

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its position 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. Bank of America Corp DE raised its stake in shares of Viking by 41.0% in the first 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 last quarter. Ninety One UK Ltd raised its position in shares of 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 period. Evercore Wealth Management LLC boosted its position in Viking by 0.9% during the first 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 during the period. Finally, Aberdeen Group plc acquired a new stake in shares of Viking during the third quarter valued at about $121,701,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on VIK. Weiss Ratings cut shares of Viking from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 19th. 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 reissued a “buy” rating on shares of Viking in a research note on Friday, October 2nd. Jefferies Financial Group raised their target price on Viking from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Truist Financial lowered their price target on shares of Viking from $102.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.00.

About Viking