2,158,134 Shares in Viking Holdings Ltd (NYSE:VIK) Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA acquired a new position in Viking Holdings Ltd (NYSE:VIK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,158,134 shares of the company’s stock, valued at approximately $73,247,000. Massachusetts Financial Services Co. MA owned about 0.50% of Viking at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VIK. Allspring Global Investments Holdings LLC acquired a new stake in Viking in the 2nd quarter worth about $11,685,000. Ovata Capital Management Ltd purchased a new position in Viking in the 2nd quarter worth approximately $2,546,000. Renaissance Capital LLC purchased a new position in Viking in the 2nd quarter worth approximately $2,250,000. U.S. Capital Wealth Advisors LLC purchased a new position in Viking in the 2nd quarter worth approximately $2,226,000. Finally, Lisanti Capital Growth LLC purchased a new position in Viking in the 2nd quarter worth approximately $1,597,000.

Wall Street Analysts Forecast Growth

VIK has been the topic of a number of research reports. Melius Research initiated coverage on shares of Viking in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $37.00 target price on the stock. Stifel Nicolaus raised their target price on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. HSBC initiated coverage on shares of Viking in a research report on Tuesday, June 25th. They set a “buy” rating and a $36.00 price target on the stock. UBS Group initiated coverage on shares of Viking in a research report on Tuesday, May 28th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Viking has an average rating of “Moderate Buy” and a consensus target price of $37.17.

Viking Price Performance

Viking stock opened at $33.57 on Thursday. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $37.25. The firm has a 50 day moving average of $34.21.

Viking (NYSE:VIK) last posted its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. On average, sell-side analysts expect that Viking Holdings Ltd will post 1.14 EPS 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.