Viking (NYSE:VIK) Sees Unusually-High Trading Volume – Here’s What Happened

Viking Holdings Ltd (NYSE:VIK) saw unusually-high trading volume on Monday . Approximately 1,181,569 shares changed hands during mid-day trading, a decline of 36% from the previous session’s volume of 1,856,010 shares.The stock last traded at $38.35 and had previously closed at $38.75.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, August 20th. Bank of America raised their price objective on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their target price on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company raised their price target on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus boosted their price objective on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Viking Stock Down 0.3 %

The company’s 50 day moving average is $35.34.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. As a group, analysts anticipate that Viking Holdings Ltd will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

A number of institutional investors have recently bought and sold shares of the stock. Valley Wealth Managers Inc. bought a new stake in Viking during the 2nd quarter valued at approximately $35,000. American National Bank purchased a new position in shares of Viking in the 2nd quarter valued at approximately $68,000. Sunbelt Securities Inc. purchased a new position in shares of Viking in the 2nd quarter valued at approximately $68,000. SG Americas Securities LLC bought a new stake in shares of Viking during the third quarter valued at approximately $181,000. Finally, Scientech Research LLC purchased a new stake in Viking in the second quarter worth $200,000.

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.