19,650 Viking Holdings Ltd. $VIK Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in Viking Holdings Ltd. (NYSE:VIK) by 48.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,471 shares of the company’s stock after acquiring an additional 19,650 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Viking were worth $4,737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VIK. Wellington Management Group LLP increased its position in 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 purchasing an additional 5,341,580 shares in the last quarter. Ninety One UK Ltd lifted its holdings in Viking by 229.5% in the 3rd quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock valued at $152,729,000 after purchasing an additional 1,358,007 shares in the last quarter. Bank of America Corp DE lifted its holdings in Viking by 41.0% in the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after purchasing an additional 647,606 shares in the last quarter. Corient Private Wealth LP acquired a new stake in shares of Viking during the 2nd quarter worth about $57,131,000. Finally, Junto Capital Management LP acquired a new stake in shares of Viking during the 2nd quarter worth about $53,317,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Viking from $75.00 to $82.00 and gave the company an “underperform” rating in a research note on Monday, August 24th. The Goldman Sachs Group lifted their target price on shares of Viking from $108.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus lowered their target price on shares of Viking from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Bank of America cut their price target on Viking from $115.00 to $105.00 in a report on Tuesday, October 13th. Finally, Wells Fargo & Company increased their price target on Viking from $109.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued 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 currently has an average rating of “Moderate Buy” and an average price target of $108.00.

Viking Trading Up 1.7%

Shares of VIK traded up $1.43 during mid-day trading on Friday, hitting $87.59. The company had a trading volume of 2,635,062 shares, compared to its average volume of 3,058,493. Viking Holdings Ltd. has a 1-year low of $56.67 and a 1-year high of $110.09. The business’s 50-day simple moving average is $84.08 and its 200-day simple moving average is $85.47. The stock has a market cap of $39.04 billion, a PE ratio of 29.10, a P/E/G ratio of 1.05 and a beta of 1.39. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61.

Viking (NYSE:VIK) last issued 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. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business posted $0.99 earnings per share. Viking’s revenue for the quarter was up 16.5% compared to the same quarter last year. Sell-side analysts forecast that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Jeffrey Dash sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total transaction of $2,255,750.00. Following the completion of the sale, the executive vice president directly owned 395,022 shares of the company’s stock, valued at $35,642,835.06. The trade was a 5.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Milton Hugh sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were 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 of the company’s stock, valued at $51,008,848.49. This represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 65,000 shares of company stock worth $5,770,950.

Viking Profile