Burkehill Global Management LP acquired a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 750,000 shares of the company's stock, valued at approximately $33,045,000. Viking makes up about 3.2% of Burkehill Global Management LP's investment portfolio, making the stock its 5th biggest position. Burkehill Global Management LP owned about 0.17% of Viking as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D1 Capital Partners L.P. boosted its holdings in Viking by 192.9% in the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company's stock worth $90,231,000 after acquiring an additional 1,703,301 shares in the last quarter. FMR LLC raised its position in shares of Viking by 27.8% in the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company's stock valued at $243,513,000 after purchasing an additional 1,518,773 shares during the last quarter. 140 Summer Partners LP acquired a new stake in Viking in the 3rd quarter worth approximately $48,334,000. Raymond James Financial Inc. purchased a new stake in Viking during the 4th quarter worth approximately $37,332,000. Finally, Franklin Resources Inc. grew its position in Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after purchasing an additional 836,353 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on VIK. The Goldman Sachs Group initiated coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price target for the company. Loop Capital initiated coverage on Viking in a research note on Tuesday, February 4th. They issued a "buy" rating and a $55.00 target price for the company. Stifel Nicolaus boosted their price target on Viking from $39.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, November 18th. Citigroup initiated coverage on Viking in a research note on Thursday, December 19th. They issued a "buy" rating and a $54.00 price objective for the company. Finally, Truist Financial upped their target price on Viking from $38.00 to $49.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Viking currently has a consensus rating of "Moderate Buy" and an average target price of $44.93.
View Our Latest Stock Analysis on VIK
Viking Price Performance
VIK stock opened at $40.52 on Thursday. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $53.14. The company's 50-day simple moving average is $47.71 and its 200-day simple moving average is $42.72.
Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 20.5% compared to the same quarter last year. On average, sell-side analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current year.
Viking Profile
(
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
Want to see what other hedge funds are holding VIK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viking Holdings Ltd (NYSE:VIK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
