Viking Holdings Ltd (NYSE:VIK) Stake Decreased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board cut its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,331,610 shares of the company's stock after selling 5,177,085 shares during the period. Viking accounts for 1.9% of Canada Pension Plan Investment Board's holdings, making the stock its 8th biggest holding. Canada Pension Plan Investment Board owned about 10.51% of Viking worth $1,997,311,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. purchased a new stake in shares of Viking during the third quarter valued at about $1,269,000. Blue Chip Partners LLC purchased a new stake in Viking during the fourth quarter valued at approximately $279,000. Renaissance Capital LLC boosted its stake in Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock valued at $5,355,000 after acquiring an additional 9,527 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Viking by 883.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after purchasing an additional 1,070,589 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Viking during the fourth quarter worth $339,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Stock Performance

Shares of VIK traded down $0.26 during trading hours on Friday, hitting $39.89. The stock had a trading volume of 1,696,317 shares, compared to its average volume of 2,530,050. The firm has a market capitalization of $17.21 billion and a price-to-earnings ratio of 153.43. The firm has a 50-day moving average price of $43.03 and a 200 day moving average price of $43.84. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week 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, topping analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The company's quarterly revenue was up 20.5% compared to the same quarter last year. As a group, analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VIK shares. JPMorgan Chase & Co. upped their target price on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Jefferies Financial Group initiated coverage on shares of Viking in a report on Monday, March 31st. They set a "hold" rating and a $45.00 price objective on the stock. Redburn Atlantic upgraded shares of Viking to a "hold" rating in a research note on Tuesday, April 1st. Barclays set a $46.00 price target on shares of Viking and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Finally, Loop Capital started coverage on shares of Viking in a research note on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, Viking presently has an average rating of "Moderate Buy" and an average target price of $46.18.

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.