Richard Marnell Sells 6,120 Shares of Viking (NYSE:VIK) Stock

Viking Holdings Ltd. (NYSE:VIK) EVP Richard Marnell sold 6,120 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $94.30, for a total transaction of $577,116.00. Following the completion of the transaction, the executive vice president owned 110,930 shares in the company, valued at approximately $10,460,699. The trade was a 5.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, June 16th, Richard Marnell sold 159 shares of Viking stock. The shares were sold at an average price of $94.67, for a total transaction of $15,052.53.
• 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 Price Performance

VIK stock opened at $94.70 on Thursday. The firm 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. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. Viking Holdings Ltd. has a 12-month low of $47.02 and a 12-month high of $97.20. The company’s fifty day simple moving average is $84.92 and its 200 day simple moving average is $76.75.

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

More Viking News

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley restated an “equal weight” rating and issued a $86.00 target price (up from $81.00) on shares of Viking in a report on Friday, May 15th. Loop Capital started coverage on shares of Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Rothschild & Co Redburn set a $95.00 price target on shares of Viking and gave the company a “buy” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen raised shares of Viking from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Thirteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and an average price target of $96.38.

Institutional Investors Weigh In On Viking

Hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management increased its position in shares of Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Viking during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC increased its position in shares of Viking by 316.0% during 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 in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Viking by 651.8% during 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Viking during the third quarter worth about $26,000. 98.84% of the stock is owned by institutional investors.

Viking Company Profile

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.