Hsbc Holdings PLC Sells 130,514 Shares of Viking Holdings Ltd. $VIK

Hsbc Holdings PLC trimmed its position in Viking Holdings Ltd. (NYSE:VIK) by 84.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,816 shares of the company’s stock after selling 130,514 shares during the period. Hsbc Holdings PLC’s holdings in Viking were worth $1,781,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking during the third quarter worth about $26,000. Activest Wealth Management boosted its holdings in 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 purchasing an additional 390 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Viking in the 4th quarter valued at about $28,000. Cornerstone Planning Group LLC grew its stake in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in 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 buying an additional 365 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: BMO Capital Markets upgraded Viking to “strong-buy”, which could support investor sentiment by signaling confidence in the cruise operator’s outlook. Tickerreport.com
• Neutral Sentiment: Viking was mentioned in shipping-stock roundups, but those articles appear to be broad sector lists rather than company-specific catalysts. Top Shipping Stocks To Follow Today – July 7th
• Neutral Sentiment: Several recent stories reference “Viking” in a historical or sports context, including longboats, Viking spirit, and Norway’s World Cup run, but these do not appear related to Viking Holdings’ business performance. I sail the world in a replica 10th-century Viking longboat
• Neutral Sentiment: Passionate trading activity and media coverage around “Viking” themes may keep the ticker in view, but they are unlikely to change fundamentals on their own. Ship enthusiast cites ‘Viking spirit’ as Norway ready for England clash
• Negative Sentiment: Unusual options activity skewed bearish, with traders buying far more put options than usual, suggesting some investors are positioning for downside or hedging against weakness. Tickerreport.com

Viking Price Performance

Shares of NYSE VIK traded down $1.97 during trading hours on Friday, hitting $99.25. 1,379,776 shares of the stock were exchanged, compared to its average volume of 2,659,440. Viking Holdings Ltd. has a 1-year low of $55.55 and a 1-year high of $105.76. The company’s fifty day simple moving average is $92.05 and its two-hundred day simple moving average is $80.54. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The company has a market cap of $44.23 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.48.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.Viking’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.24) EPS. On average, sell-side analysts predict that Viking Holdings Ltd. will post 3.3 EPS for the current year.

Insider Buying and Selling at Viking

In other news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the completion of the transaction, the executive vice president directly owned 117,050 shares in the company, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 63,935 shares of company stock valued at $5,360,351 over the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VIK. UBS Group reissued a “buy” rating and set a $100.00 target price on shares of Viking in a report on Wednesday, May 27th. Susquehanna upped their target price on Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $105.00 price target on Viking in a report on Friday, May 15th. BMO Capital Markets assumed coverage on Viking in a research note on Tuesday. They issued an “outperform” rating and a $115.00 price target for the company. Finally, Citigroup reiterated a “buy” rating on shares of Viking in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.18.

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.