Bessemer Group Inc. Acquires 1,486 Shares of Viking Holdings Ltd (NYSE:VIK)

Bessemer Group Inc. lifted its holdings in Viking Holdings Ltd (NYSE:VIK) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,547 shares of the company’s stock after purchasing an additional 1,486 shares during the period. Bessemer Group Inc.’s holdings in Viking were worth $1,126,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Avior Wealth Management LLC lifted its position in shares of Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after buying an additional 285 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Viking by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock worth $408,000 after purchasing an additional 491 shares during the last quarter. Merit Financial Group LLC boosted its position in Viking by 3.5% during the fourth quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock worth $916,000 after purchasing an additional 700 shares during the period. Simon Quick Advisors LLC grew its holdings in Viking by 7.2% during the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock valued at $767,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Viking by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company’s stock valued at $1,656,000 after purchasing an additional 1,234 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on VIK shares. Truist Financial upped their price objective on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, March 14th. Loop Capital began coverage on Viking in a research report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target on the stock. Citigroup started coverage on Viking in a research note on Thursday, December 19th. They set a “buy” rating and a $54.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, BNP Paribas assumed coverage on Viking in a research report on Thursday, March 27th. They issued an “outperform” rating and a $47.00 price objective for the company. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.18.

Viking Stock Down 0.6 %

NYSE VIK opened at $39.40 on Tuesday. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14. The stock has a market cap of $17.00 billion and a P/E ratio of 151.54. The company’s 50-day simple moving average is $44.00 and its 200 day simple moving average is $43.76.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The company’s quarterly revenue was up 20.5% on a year-over-year basis. Research analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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.