US Bancorp DE Acquires Shares of 10,273 Viking Holdings Ltd (NYSE:VIK)

US Bancorp DE purchased a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,273 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Entropy Technologies LP acquired a new position in Viking in the 3rd quarter valued at approximately $830,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Viking by 32.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 39,307 shares of the company’s stock worth $1,371,000 after acquiring an additional 9,722 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Viking in the third quarter valued at $306,000. Avior Wealth Management LLC bought a new position in shares of Viking in the third quarter valued at $27,000. Finally, Commerce Bank bought a new position in shares of Viking during the third quarter valued at about $276,000. Institutional investors own 98.84% of the company’s stock.

Viking Stock Up 0.9 %

NYSE:VIK opened at $40.52 on Thursday. The firm’s 50-day moving average price is $47.71 and its 200-day moving average price is $42.72. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14.

Viking (NYSE:VIK) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating 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. Viking’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, sell-side analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VIK. Truist Financial raised their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Citigroup assumed coverage on shares of Viking in a research note on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Bank of America boosted their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and an average price target of $44.93.

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.