Capital Research Global Investors Raises Stock Position in Viking Holdings Ltd (NYSE:VIK)

Capital Research Global Investors grew its holdings in Viking Holdings Ltd (NYSE:VIK) by 26.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,086,045 shares of the company’s stock after acquiring an additional 2,492,724 shares during the period. Capital Research Global Investors’ holdings in Viking were worth $532,511,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Avior Wealth Management LLC grew its holdings in Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after buying an additional 285 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Viking in the 4th quarter valued at $73,000. New York State Common Retirement Fund purchased a new stake in Viking in the 4th quarter worth $119,000. Rhumbline Advisers purchased a new position in shares of Viking during the fourth quarter valued at about $130,000. Finally, Vestcor Inc bought a new stake in shares of Viking in the fourth quarter worth about $141,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on Viking in a research note on Monday, March 31st. They issued a “hold” rating and a $45.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Viking in a research note on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price objective for the company. Loop Capital initiated coverage on Viking in a research report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Morgan Stanley dropped their target price on Viking from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $46.18.

Viking Stock Down 0.6 %

Shares of NYSE:VIK opened at $39.89 on Friday. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $53.14. The business’s 50 day moving average is $43.03 and its 200 day moving average is $43.84. The stock has a market cap of $17.21 billion and a P/E ratio of 153.43.

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