Viking Holdings Ltd. $VIK Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 10.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 66,905 shares of the company’s stock after selling 7,834 shares during the period. Parallel Advisors LLC’s holdings in Viking were worth $5,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VIK. Wellington Management Group LLP raised its stake in shares of Viking by 654.3% during the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock worth $644,556,000 after buying an additional 5,341,580 shares in the last quarter. Bank of America Corp DE boosted 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 buying an additional 647,606 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Viking by 229.5% in the third quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock valued at $152,729,000 after buying an additional 1,358,007 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in shares of Viking by 0.9% in the first quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock valued at $122,874,000 after buying an additional 14,465 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new position in Viking during the second quarter worth $57,131,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group increased their price objective on Viking from $108.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group boosted their target price on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Citigroup restated a “buy” rating on shares of Viking in a research report on Friday, October 2nd. Truist Financial lowered their price target on shares of Viking from $102.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, September 24th. Finally, Bank of America cut their price target on shares of Viking from $115.00 to $105.00 in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.00.

Viking Price Performance

VIK stock opened at $87.59 on Friday. The firm has a 50 day moving average of $84.08 and a 200-day moving average of $85.47. Viking Holdings Ltd. has a 12-month low of $56.67 and a 12-month 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 price-to-earnings ratio of 29.10, a PEG ratio of 1.06 and a beta of 1.39.

Viking (NYSE:VIK) last announced its quarterly 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. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 EPS. As a group, equities analysts expect that Viking Holdings Ltd. will post 3.14 EPS for the current fiscal year.

Insider Activity at Viking

In other Viking news, EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president directly owned 565,571 shares in the company, valued at approximately $51,008,848.49. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey Dash sold 25,000 shares of the business’s stock in a transaction on 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. The trade was a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,000 shares of company stock valued at $5,770,950 over the last ninety days.

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