15,650 Shares of Viking Holdings Ltd. $VIK Acquired by New England Research & Management Inc.

New England Research & Management Inc. purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,650 shares of the company’s stock, valued at approximately $1,226,000.

Other large investors also recently modified their holdings of the company. Ninety One UK Ltd grew its holdings in shares of 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 acquiring an additional 1,358,007 shares in the last quarter. Ninety One SA Pty Ltd bought a new stake in Viking during the third quarter worth about $110,000. Ninety One North America Inc. bought a new stake in Viking during the third quarter worth about $1,628,000. Curated Wealth Partners LLC acquired a new position in Viking during the third quarter valued at approximately $690,000. Finally, Perpetual Ltd boosted its position in Viking by 79.8% during the third quarter. Perpetual Ltd now owns 4,706 shares of the company’s stock valued at $369,000 after purchasing an additional 2,089 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Viking

In other news, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the completion of the transaction, the executive vice president directly owned 585,571 shares in the company, valued at approximately $50,107,310.47. The trade was a 3.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays decreased their price target on Viking from $93.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, August 31st. Truist Financial lowered their price target on Viking from $102.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Wells Fargo & Company upped their price objective on Viking from $109.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Morgan Stanley increased their price objective on Viking from $86.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, UBS Group reissued a “buy” rating on shares of Viking in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.83.

Viking Stock Performance

NYSE VIK traded down $0.69 during trading on Friday, reaching $83.29. 3,167,397 shares of the company’s stock were exchanged, compared to its average volume of 4,410,816. The business has a 50 day moving average price of $86.85 and a 200-day moving average price of $89.42. The stock has a market capitalization of $37.12 billion, a P/E ratio of 27.67, a PEG ratio of 1.01 and a beta of 1.47. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79. Viking Holdings Ltd. has a fifty-two week low of $56.37 and a fifty-two week high of $110.09.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The business’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 fiscal year.

Viking Profile

Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-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 Mississippi River in the United States.