Parallel Advisors LLC Purchases Shares of 7,963 Viking Holdings Ltd (NYSE:VIK)

Parallel Advisors LLC acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,963 shares of the company’s stock, valued at approximately $270,000.

Other large investors also recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new position in Viking in the second quarter worth approximately $35,000. American National Bank acquired a new stake in Viking in the 2nd quarter valued at $68,000. O Neil Global Advisors Inc. bought a new stake in Viking during the 2nd quarter valued at $202,000. Cascade Investment Group Inc. acquired a new position in Viking during the second quarter worth $289,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Viking in the second quarter valued at $670,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VIK shares. HSBC assumed coverage on shares of Viking in a research report on Tuesday, June 25th. They set a “buy” rating and a $36.00 target price for the company. UBS Group initiated coverage on Viking in a report on Tuesday, May 28th. They issued a “buy” rating and a $35.00 target price on the stock. Truist Financial assumed coverage on Viking in a report on Friday, June 21st. They set a “hold” rating and a $38.00 price target for the company. Redburn Atlantic began coverage on Viking in a research note on Tuesday, May 28th. They set a “neutral” rating and a $29.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average price target of $37.17.

Viking Price Performance

NYSE VIK opened at $33.57 on Thursday. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $37.25. The stock’s 50-day moving average is $34.21.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, equities research analysts anticipate that Viking Holdings Ltd will post 1.14 EPS for the current year.

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.