Alliancebernstein L.P. cut its holdings in Viking Holdings Ltd (NYSE:VIK - Free Report) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,362,533 shares of the company's stock after selling 1,761,107 shares during the quarter. Alliancebernstein L.P. owned approximately 0.78% of Viking worth $148,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Avior Wealth Management LLC grew 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 worth $46,000 after buying an additional 285 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Viking in the 4th quarter worth $73,000. New York State Common Retirement Fund purchased a new stake in shares of Viking in the 4th quarter worth about $119,000. Rhumbline Advisers bought a new stake in shares of Viking during the 4th quarter valued at about $130,000. Finally, Vestcor Inc purchased a new position in shares of Viking during the fourth quarter valued at about $141,000. Hedge funds and other institutional investors own 98.84% of the company's stock.
Analyst Ratings Changes
VIK has been the topic of several research reports. The Goldman Sachs Group began coverage on Viking in a research report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 price objective on the stock. Jefferies Financial Group started coverage on Viking in a research note on Monday. They issued a "hold" rating and a $45.00 price target on the stock. Barclays set a $46.00 price objective on Viking and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. Citigroup began coverage on shares of Viking in a research report on Thursday, December 19th. They issued a "buy" rating and a $54.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Viking currently has an average rating of "Moderate Buy" and a consensus target price of $46.29.
View Our Latest Analysis on Viking
Viking Price Performance
NYSE VIK traded down $3.67 during trading hours on Thursday, hitting $38.30. The company's stock had a trading volume of 5,038,196 shares, compared to its average volume of 2,486,224. The company has a market cap of $16.53 billion and a P/E ratio of 147.32. The company's 50 day simple moving average is $46.21 and its two-hundred day simple moving average is $43.44. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14.
Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The business'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.
About Viking
(
Free Report)
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.
Further Reading
Before you consider Viking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viking wasn't on the list.
While Viking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
