Evercore Wealth Management LLC Acquires Shares of 1,221,832 Viking Holdings Ltd (NYSE:VIK)

Evercore Wealth Management LLC bought a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,221,832 shares of the company’s stock, valued at approximately $53,834,000. Evercore Wealth Management LLC owned 0.28% of Viking at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Viking in the 4th quarter valued at approximately $245,038,000. Capital Research Global Investors lifted its position in Viking by 26.0% during the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock valued at $532,511,000 after purchasing an additional 2,492,724 shares during the period. Invesco Ltd. purchased a new position in Viking in the fourth quarter worth about $59,036,000. Renaissance Technologies LLC grew its position in shares of Viking by 150.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company’s stock valued at $92,319,000 after acquiring an additional 1,258,005 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Viking by 1,128.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,278,150 shares of the company’s stock valued at $56,315,000 after acquiring an additional 1,174,121 shares during the period. 98.84% of the stock is owned by institutional investors.

Viking Stock Up 1.4 %

VIK stock opened at $38.03 on Wednesday. The stock has a market capitalization of $16.41 billion and a P/E ratio of 146.26. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The firm has a 50-day simple moving average of $42.47 and a 200-day simple moving average of $43.86.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VIK. Loop Capital began coverage on shares of Viking in a report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target on the stock. Truist Financial lifted their price objective on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, March 14th. The Goldman Sachs Group assumed coverage on shares of Viking in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Redburn Atlantic raised Viking to a “hold” rating in a research report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.12.

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.