19,745 Shares in Viking Holdings Ltd (NYSE:VIK) Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in shares of Viking Holdings Ltd (NYSE:VIK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,745 shares of the company’s stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American National Bank bought a new position in Viking during the second quarter valued at approximately $68,000. Cascade Investment Group Inc. bought a new position in shares of Viking during the 2nd quarter valued at $289,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Viking in the 2nd quarter valued at $1,004,000. U.S. Capital Wealth Advisors LLC bought a new stake in Viking in the second quarter worth $2,226,000. Finally, Renaissance Capital LLC acquired a new position in Viking during the second quarter worth $2,250,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group initiated coverage on shares of Viking in a research note on Tuesday, May 28th. They issued a “buy” rating and a $35.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley upped their price target on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, August 20th. Barclays began coverage on Viking in a research note on Tuesday, July 2nd. They issued an “overweight” rating and a $39.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Three equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.17.

Viking Trading Up 1.5 %

NYSE VIK opened at $34.43 on Monday. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $37.25. The company has a 50 day moving average price of $34.19.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, equities 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.