Viking Holdings Ltd. $VIK Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 84.0% during the fourth quarter, according to its most recent Form 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 institutional investors and hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Viking in the 3rd quarter valued at approximately $26,000. Activest Wealth Management raised its position in shares of Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after buying an additional 390 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Viking during the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC lifted its holdings 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 acquiring an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after acquiring an additional 365 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction dated 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 in the company, valued at $10,868,092.50. This represents a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,566 shares of company stock valued at $7,657,130 over the last 90 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VIK shares. Stifel Nicolaus set a $105.00 target price on Viking in a research note on Friday, May 15th. Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Barclays increased their price target on Viking from $76.00 to $88.00 and gave the stock an “equal weight” rating in a report on Friday, May 15th. Loop Capital initiated coverage on Viking in a research report on Monday, June 1st. They set a “buy” rating and a $108.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of Viking from $84.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

Viking Stock Down 0.2%

Viking stock opened at $104.75 on Wednesday. The company has a market capitalization of $46.68 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 1.52 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 Holdings Ltd. has a fifty-two week low of $52.66 and a fifty-two week high of $105.76. The firm has a 50 day moving average price of $89.00 and a 200 day moving average price of $78.93.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS 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 company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned ($0.24) earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Research analysts expect that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

Viking 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.