Viking Holdings Ltd. $VIK Stake Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in Viking Holdings Ltd. (NYSE:VIK) by 71.6% in the third quarter, Holdings Channel reports. The fund owned 373,907 shares of the company’s stock after selling 940,659 shares during the period. Vontobel Holding Ltd.’s holdings in Viking were worth $29,288,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VIK. Wellington Management Group LLP boosted its position in shares of Viking by 654.3% during the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock valued at $644,556,000 after acquiring an additional 5,341,580 shares during the last quarter. Bank of America Corp DE increased its position in Viking by 41.0% during the first quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock worth $163,661,000 after purchasing an additional 647,606 shares during the last quarter. Ninety One UK Ltd increased its position in Viking by 229.5% during the third quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock worth $152,729,000 after purchasing an additional 1,358,007 shares during the last quarter. Evercore Wealth Management LLC raised its stake in Viking by 0.9% during the first quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock worth $122,874,000 after purchasing an additional 14,465 shares during the period. Finally, Corient Private Wealth LP purchased a new position in Viking during the second quarter worth about $57,131,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Trading Down 0.8%

Shares of NYSE VIK traded down $0.69 during mid-day 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 firm has a market capitalization of $37.12 billion, a price-to-earnings 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 quick ratio of 0.79 and a current ratio of 0.81. Viking Holdings Ltd. has a 52-week low of $56.37 and a 52-week high of $110.09. The company’s 50-day moving average is $86.85 and its 200-day moving average is $89.42.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. Analysts expect that Viking Holdings Ltd. will post 3.14 EPS for the current fiscal year.

Insider Buying and Selling

In other Viking news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction dated Friday, September 11th. The shares were 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 owned 585,571 shares of the company’s stock, valued at $50,107,310.47. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

VIK has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Viking from $109.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Morgan Stanley raised their price target on shares of Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Mizuho raised their price target on shares of Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a report on Monday, August 24th. Benchmark raised shares of Viking to a “strong-buy” rating in a research report on Friday, September 25th. Finally, UBS Group reiterated a “buy” rating on shares of Viking in a report on Wednesday, September 30th. One equities research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.83.

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.