Bank of New York Mellon Corp Lowers Stock Holdings in Viking Holdings Ltd. $VIK

Bank of New York Mellon Corp cut its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 503,313 shares of the company’s stock after selling 56,820 shares during the quarter. Bank of New York Mellon Corp’s holdings in Viking were worth $36,983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new stake in Viking in the 3rd quarter valued at about $26,000. Activest Wealth Management lifted its holdings in shares of 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 acquiring an additional 390 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Viking in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC boosted its position in shares of Viking by 316.0% in 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 during the last quarter. Finally, SBI Securities Co. Ltd. grew 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 purchasing an additional 365 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Richard Marnell sold 6,120 shares of the company’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 sale, the executive vice president directly owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. This represents a 5.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 17,566 shares of company stock worth $1,640,166.

Key Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking revealed the names of its next two ocean ships, reinforcing the company’s growth pipeline and ongoing fleet expansion strategy, which can support longer-term revenue visibility. Viking Reveals Names of Its Next Two Ocean Ships
• Neutral Sentiment: Several articles covered a dispute involving a different “Viking ship” tied to the film The Odyssey; this appears unrelated to Viking Holdings’ cruise business and is unlikely to have a meaningful impact on VIK shares. ‘The Odyssey’ Hired Their Viking Ship. They Say It Came Back Damaged.
• Neutral Sentiment: Other history-focused “Viking” stories about ancient burials, treasure, and swords are not related to Viking Holdings’ operations and should not affect the stock. New evidence shows ‘Viking burials’ predate Vikings
• Neutral Sentiment: A cruise-industry note about guests receiving an overbooking offer suggests continued demand management in the sector, but it does not appear to be a major catalyst on its own. Viking Cruise Guests Stunned by Generous Overbooking Offer

Viking Trading Up 1.2%

Shares of VIK stock opened at $100.87 on Friday. The stock has a market cap of $44.96 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.48. 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 fifty-two week low of $55.55 and a fifty-two week high of $105.76. The firm’s 50 day moving average price is $95.18 and its two-hundred day moving average price is $82.36.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned ($0.24) earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, analysts anticipate that Viking Holdings Ltd. will post 3.32 EPS for the current year.

Wall Street Analysts Forecast Growth

VIK has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Loop Capital began coverage on shares of Viking in a research note on Monday, June 1st. They set a “buy” rating and a $108.00 price objective for the company. Rothschild & Co Redburn set a $95.00 price objective on shares of Viking and gave the company a “buy” rating in a research note on Tuesday, April 14th. Citigroup upped their price objective on Viking from $101.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group increased their target price on Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued 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 currently has a consensus rating of “Moderate Buy” and an average price target of $103.39.

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.