Viking Holdings Ltd (NYSE:VIK) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in Viking Holdings Ltd (NYSE:VIK) by 111.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,503 shares of the company’s stock after acquiring an additional 8,693 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Viking were worth $727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VIK. Avior Wealth Management LLC boosted its position in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after purchasing an additional 285 shares during the period. Golden State Wealth Management LLC purchased a new stake in Viking during the fourth quarter valued at about $73,000. New York State Common Retirement Fund acquired a new position in shares of Viking in the fourth quarter worth about $119,000. Rhumbline Advisers purchased a new position in shares of Viking in the fourth quarter worth approximately $130,000. Finally, Vestcor Inc acquired a new stake in shares of Viking during the fourth quarter valued at approximately $141,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Stock Up 3.7 %

Shares of VIK opened at $42.00 on Thursday. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14. The company’s fifty day moving average is $46.42 and its 200-day moving average is $43.48. The firm has a market cap of $18.12 billion and a price-to-earnings ratio of 161.54.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Viking’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, research analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VIK shares. JPMorgan Chase & Co. raised their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. UBS Group raised their target price on Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Truist Financial lifted their price target on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, March 14th. Barclays set a $46.00 price objective on Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Finally, Loop Capital started coverage on Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price on the stock. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.29.

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.