Capital Research Global Investors Sells 5,792,265 Shares of Viking Holdings Ltd. $VIK

Capital Research Global Investors lowered its position in Viking Holdings Ltd. (NYSE:VIK) by 19.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,325,211 shares of the company’s stock after selling 5,792,265 shares during the period. Capital Research Global Investors owned about 5.49% of Viking worth $1,737,097,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Viking in the third quarter worth $26,000. Activest Wealth Management grew its holdings in shares of Viking by 19,500.0% in the fourth 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. Cornerstone Planning Group LLC grew its holdings 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 period. SBI Securities Co. Ltd. grew its holdings in shares of Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after acquiring an additional 365 shares during the period. Finally, CI Investments Inc. grew its holdings in shares of Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the period. Institutional investors own 98.84% of the company’s stock.

Viking Stock Performance

NYSE VIK opened at $89.85 on Friday. The firm has a market cap of $40.04 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The business has a 50-day moving average price of $81.83 and a 200-day moving average price of $75.03. Viking Holdings Ltd. has a twelve month low of $46.06 and a twelve month high of $93.70.

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

Analysts Set New Price Targets

VIK has been the subject of several research analyst reports. Rothschild & Co Redburn set a $95.00 price objective on Viking and gave the stock a “buy” rating in a report on Tuesday, April 14th. Stifel Nicolaus set a $105.00 price target on Viking in a report on Friday, May 15th. Morgan Stanley reissued an “equal weight” rating and set a $86.00 price target (up from $81.00) on shares of Viking in a report on Friday, May 15th. Sanford C. Bernstein started coverage on Viking in a report on Wednesday. They set an “outperform” rating and a $120.00 price target for the company. Finally, Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and a consensus price target of $96.38.

Insider Activity at Viking

In related news, 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 value of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.