2,940 Shares in Viking Holdings Ltd (NYSE:VIK) Bought by Rhumbline Advisers

Rhumbline Advisers purchased a new position in shares of Viking Holdings Ltd (NYSE:VIK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,940 shares of the company’s stock, valued at approximately $130,000.

A number of other hedge funds have also bought and sold shares of VIK. Charles Schwab Investment Management Inc. purchased a new stake in Viking in the third quarter worth $1,269,000. Renaissance Capital LLC increased its position in Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock worth $5,355,000 after buying an additional 9,527 shares during the last quarter. Franklin Resources Inc. increased its position in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after buying an additional 836,353 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Viking in the third quarter worth $609,000. Finally, Vontobel Holding Ltd. purchased a new stake in Viking in the fourth quarter worth $416,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VIK has been the subject of several recent research reports. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Bank of America lifted their price target on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price target on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Barclays reiterated an “equal weight” rating and issued a $49.00 price target on shares of Viking in a research report on Friday, December 13th. Finally, Loop Capital started coverage on Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Viking has an average rating of “Moderate Buy” and an average price target of $45.13.

Viking Price Performance

NYSE VIK opened at $42.95 on Tuesday. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14. The stock has a 50-day moving average of $47.81 and a 200-day moving average of $42.62.

Viking 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.