Insider Selling: Viking (NYSE:VIK) EVP Sells $2,255,750.00 in Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Jeffrey Dash sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $90.23, for a total value of $2,255,750.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Viking Stock Performance

Viking stock traded up $1.43 during mid-day trading on Friday, reaching $87.59. 2,635,062 shares of the company’s stock were exchanged, compared to its average volume of 3,122,668. The business’s fifty day simple moving average is $84.12 and its 200 day simple moving average is $85.37. 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 Holdings Ltd. has a one year low of $56.67 and a one year high of $110.09. The firm has a market capitalization of $39.04 billion, a PE ratio of 29.10, a P/E/G ratio of 1.10 and a beta of 1.39.

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, beating analysts’ consensus estimates of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, sell-side analysts expect that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VIK shares. Citigroup restated a “buy” rating on shares of Viking in a report on Friday, October 2nd. Barclays reduced their target price on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday, August 31st. Mizuho raised their price target on shares of Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a research note on Monday, August 24th. Susquehanna lowered their price target on shares of Viking from $105.00 to $100.00 and set a “positive” rating on the stock in a report on Tuesday, October 20th. Finally, UBS Group reiterated a “buy” rating on shares of Viking in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $108.00.

Institutional Trading of Viking

Institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new position in Viking in the 2nd quarter valued at approximately $31,000. Basecamp Wealth Advisors LLC bought a new stake in Viking during the 1st quarter valued at $25,000. Axiom Investment Management LLC lifted its position in shares of Viking by 87.2% during the third quarter. Axiom Investment Management LLC now owns 513 shares of the company’s stock worth $40,000 after acquiring an additional 239 shares in the last quarter. Hughes Financial Services LLC lifted its position in shares of Viking by 3,953.3% during the third quarter. Hughes Financial Services LLC now owns 608 shares of the company’s stock worth $48,000 after acquiring an additional 593 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Viking by 18.3% in the second quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock worth $98,000 after acquiring an additional 145 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Company Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the United States.