Oppenheimer & Co. Inc. Buys New Shares in Viking Holdings Ltd (NYSE:VIK)

Oppenheimer & Co. Inc. bought a new stake in shares of Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,697 shares of the company’s stock, valued at approximately $339,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VIK. Avior Wealth Management LLC purchased a new stake in shares of Viking in the 3rd quarter valued at approximately $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Viking in the 4th quarter valued at approximately $73,000. New York State Common Retirement Fund purchased a new stake in shares of Viking in the 4th quarter valued at approximately $119,000. Rhumbline Advisers purchased a new stake in shares of Viking in the 4th quarter valued at approximately $130,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Viking in the 3rd quarter valued at approximately $187,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Price Performance

Shares of NYSE:VIK opened at $43.57 on Friday. The company’s 50-day moving average is $47.83 and its 200 day moving average is $42.47. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $53.14.

Analysts Set New Price Targets

A number of research firms have issued reports on VIK. Bank of America increased their target price on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays restated an “equal weight” rating and set a $49.00 price target on shares of Viking in a research note on Friday, December 13th. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Citigroup started coverage on shares of Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price on the stock. Finally, Loop Capital started coverage on shares of Viking in a research note on Tuesday, February 4th. They issued a “buy” rating and a $55.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.13.

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.