Vontobel Holding Ltd. Takes Position in Viking Holdings Ltd (NYSE:VIK)

Vontobel Holding Ltd. bought a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,443 shares of the company’s stock, valued at approximately $416,000.

Other large investors have also bought and sold shares of the company. Avior Wealth Management LLC bought a new position in Viking during the 3rd quarter worth $27,000. Golden State Wealth Management LLC bought a new position in Viking during the 4th quarter worth $73,000. SG Americas Securities LLC bought a new position in Viking during the 3rd quarter worth $181,000. Wilmington Savings Fund Society FSB bought a new position in Viking during the 3rd quarter worth $187,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in Viking during the 3rd quarter worth $204,000. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VIK has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on Viking in a research report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 target price for the company. Loop Capital initiated coverage on Viking in a research report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Bank of America lifted their price objective on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Citigroup initiated coverage on Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.13.

Viking Trading Down 3.0 %

VIK stock opened at $49.85 on Friday. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $53.14. The business has a 50-day simple moving average of $47.37 and a two-hundred day simple moving average of $41.50.

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.