SG Americas Securities LLC Makes New $181,000 Investment in Viking Holdings Ltd (NYSE:VIK)

SG Americas Securities LLC bought a new position in Viking Holdings Ltd (NYSE:VIK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,191 shares of the company’s stock, valued at approximately $181,000.

A number of other institutional investors have also modified their holdings of the stock. Valley Wealth Managers Inc. acquired a new stake in Viking during the second quarter valued at approximately $35,000. American National Bank bought a new stake in shares of Viking in the 2nd quarter valued at approximately $68,000. Sunbelt Securities Inc. acquired a new stake in shares of Viking during the 2nd quarter valued at approximately $68,000. Scientech Research LLC bought a new position in Viking during the second quarter worth $200,000. Finally, O Neil Global Advisors Inc. acquired a new position in Viking in the second quarter worth $202,000.

Wall Street Analyst Weigh In

VIK has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their price objective 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. Morgan Stanley lifted their target price on Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. increased their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Barclays raised their price target on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Viking Stock Performance

Shares of Viking stock opened at $38.52 on Thursday. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $39.70. The firm’s fifty day simple moving average is $35.20.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, research analysts forecast that Viking Holdings Ltd will post 1.13 EPS for the current fiscal year.

Viking Company 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.