Arrowstreet Capital Limited Partnership Boosts Stake in Viking Holdings Ltd (NYSE:VIK)

Arrowstreet Capital Limited Partnership boosted its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 1,128.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,278,150 shares of the company's stock after purchasing an additional 1,174,121 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.30% of Viking worth $56,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in VIK. Norges Bank bought a new stake in shares of Viking during the fourth quarter worth $245,038,000. JPMorgan Chase & Co. increased its stake in Viking by 883.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after buying an additional 1,070,589 shares during the period. EntryPoint Capital LLC bought a new stake in Viking during the 4th quarter valued at about $289,000. LPL Financial LLC boosted its position in Viking by 23.9% in the 4th quarter. LPL Financial LLC now owns 43,898 shares of the company's stock valued at $1,934,000 after buying an additional 8,456 shares during the period. Finally, Del Sette Capital Management LLC bought a new position in Viking in the 4th quarter worth about $1,356,000. Institutional investors own 98.84% of the company's stock.

Viking Stock Performance

NYSE:VIK traded down $3.44 during midday trading on Friday, reaching $34.91. 6,083,004 shares of the stock traded hands, compared to its average volume of 2,501,667. The stock has a market capitalization of $15.06 billion and a PE ratio of 134.25. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14. The business has a 50-day moving average of $45.93 and a two-hundred day moving average of $43.60.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VIK shares. BNP Paribas initiated coverage on shares of Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 price target for the company. 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 target price for the company. UBS Group upped their target price on Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Citigroup began coverage on Viking in a research note on Thursday, December 19th. They set a "buy" rating and a $54.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Viking has a consensus rating of "Moderate Buy" and an average price target of $46.29.

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.