Richard Marnell Sells 159 Shares of Viking (NYSE:VIK) Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 159 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $94.67, for a total transaction of $15,052.53. Following the sale, the executive vice president owned 110,771 shares in the company, valued at approximately $10,486,690.57. The trade was a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, June 15th, Richard Marnell sold 6,120 shares of Viking stock. The shares were sold at an average price of $94.30, for a total transaction of $577,116.00.
• On Friday, June 12th, Richard Marnell sold 11,287 shares of Viking stock. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95.

Viking Trading Up 0.7%

NYSE:VIK opened at $94.70 on Thursday. The company’s 50 day moving average price is $84.92 and its 200-day moving average price is $76.75. Viking Holdings Ltd. has a 52 week low of $47.02 and a 52 week high of $97.20. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The stock has a market cap of $42.21 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.36 and a beta of 1.59.

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

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: VIK has strong technical momentum, trading near its 52-week high and above key moving averages, which suggests continued investor confidence in the cruise operator’s growth outlook.
• Positive Sentiment: Analysts remain broadly constructive on Viking, with a “Moderate Buy” consensus and price targets that cluster near or above current levels, including recent upgrades and a $108 target from Loop Capital.
• Neutral Sentiment: Recent coverage comparing VIK with another leisure stock and broader “shipping stocks” watchlist pieces may keep the name in focus, but they do not appear to provide a direct new catalyst for Viking’s business.
• Negative Sentiment: EVP Richard Marnell disclosed multiple share sales over the past few trading days, including larger transactions on June 12 and June 15. While he still holds a sizable stake, insider selling can raise caution among some investors. SEC filing

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. bought a new position in Viking in the third quarter worth approximately $26,000. Activest Wealth Management raised its position in 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 acquiring an additional 390 shares during the period. Bank of Jackson Hole Trust bought a new position in Viking in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its position in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after acquiring an additional 316 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 365 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VIK shares. Truist Financial upgraded shares of Viking from a “hold” rating to a “buy” rating and raised their target price for the stock from $75.00 to $102.00 in a report on Friday, May 22nd. Mizuho raised their target price on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. raised their target price on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Stifel Nicolaus set a $105.00 target price on shares of Viking in a report on Friday, May 15th. Finally, Citigroup restated a “buy” rating on shares of Viking in a report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $96.38.

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.