Viking (NYSE:VIK) Sets New 12-Month High – What’s Next?

Viking Holdings Ltd. (NYSE:VIK)’s share price hit a new 52-week high on Tuesday . The company traded as high as $105.76 and last traded at $105.10, with a volume of 2364257 shares changing hands. The stock had previously closed at $103.26.

Analysts Set New Price Targets

VIK has been the subject of several research analyst reports. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and lifted their price objective for the company from $75.00 to $102.00 in a research note on Friday, May 22nd. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. The Goldman Sachs Group increased their target price on shares of Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Loop Capital initiated coverage on shares of Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price target on the stock. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

Viking Trading Up 1.8%

The firm has a fifty day moving average of $88.61 and a 200 day moving average of $78.68. The firm has a market capitalization of $46.84 billion, a PE ratio of 39.07, a P/E/G ratio of 1.49 and a beta of 1.59. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78.

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

Insiders Place Their Bets

In other news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction on 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 directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Marnell sold 11,287 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the sale, the executive vice president directly owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 92,566 shares of company stock worth $7,657,130.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Basecamp Wealth Advisors LLC purchased a new position in Viking in the first quarter valued at about $25,000. Activest Wealth Management increased its holdings in Viking by 19,500.0% during the 4th 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 purchased a new stake in Viking during the 4th quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its position in shares of Viking by 316.0% in the 4th 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. raised its position in shares of Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.