847,298 Shares in Viking Holdings Ltd (NYSE:VIK) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 847,298 shares of the company's stock, valued at approximately $37,332,000. Raymond James Financial Inc. owned about 0.20% of Viking as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in VIK. Charles Schwab Investment Management Inc. bought a new position in shares of Viking in the third quarter valued at approximately $1,269,000. Stifel Financial Corp lifted its stake in Viking by 64.5% in the 3rd quarter. Stifel Financial Corp now owns 12,428 shares of the company's stock worth $434,000 after purchasing an additional 4,875 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Viking in the 3rd quarter worth approximately $187,000. Franklin Resources Inc. boosted its holdings in Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock valued at $154,931,000 after purchasing an additional 836,353 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Viking by 113.9% in the third quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company's stock worth $4,227,000 after purchasing an additional 64,502 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Trading Down 0.6 %

Viking stock traded down $0.26 during trading on Friday, reaching $39.89. The company had a trading volume of 1,696,317 shares, compared to its average volume of 2,530,050. The firm's 50-day simple moving average is $43.03 and its 200 day simple moving average is $43.78. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The firm has a market capitalization of $17.21 billion and a price-to-earnings ratio of 153.43.

Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. The business's revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Redburn Atlantic raised shares of Viking to a "hold" rating in a report on Tuesday, April 1st. UBS Group increased their target price on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. BNP Paribas assumed coverage on shares of Viking in a research note on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target for the company. Barclays set a $46.00 price objective on Viking and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Finally, Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $46.18.

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.