Viking (NYSE:VIK) Hits New 12-Month High – Here’s Why

Shares of Viking Holdings Ltd (NYSE:VIK) reached a new 52-week high during trading on Tuesday . The stock traded as high as $53.14 and last traded at $51.75, with a volume of 4609725 shares changing hands. The stock had previously closed at $52.77.

Analyst Ratings Changes

VIK has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Loop Capital started coverage on Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price target on the stock. Citigroup assumed coverage on Viking in a report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Truist Financial increased their price target on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Viking Stock Performance

The stock has a 50 day simple moving average of $46.48 and a two-hundred day simple moving average of $40.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. D1 Capital Partners L.P. grew its stake in shares of Viking by 192.9% during the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock worth $90,231,000 after purchasing an additional 1,703,301 shares during the period. FMR LLC boosted its holdings in Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after buying an additional 1,518,773 shares in the last quarter. 140 Summer Partners LP acquired a new stake in Viking during the third quarter valued at $48,334,000. Allspring Global Investments Holdings LLC increased its holdings in Viking by 282.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company’s stock valued at $45,896,000 after buying an additional 971,152 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Viking in the fourth quarter worth about $37,332,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.