Capital Research Global Investors Acquires 2,492,724 Shares of Viking Holdings Ltd (NYSE:VIK)

Capital Research Global Investors raised its holdings in Viking Holdings Ltd (NYSE:VIK - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,086,045 shares of the company's stock after buying an additional 2,492,724 shares during the quarter. Capital Research Global Investors owned about 2.80% of Viking worth $532,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIK. Norges Bank bought a new position in Viking in the 4th quarter worth $245,038,000. Invesco Ltd. bought a new stake in Viking during the 4th quarter valued at approximately $59,036,000. Renaissance Technologies LLC grew its holdings in shares of Viking by 150.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company's stock worth $92,319,000 after acquiring an additional 1,258,005 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Viking by 1,128.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,278,150 shares of the company's stock valued at $56,315,000 after purchasing an additional 1,174,121 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Viking by 883.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after purchasing an additional 1,070,589 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Viking Stock Performance

Viking stock opened at $39.89 on Friday. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $53.14. The stock has a fifty day moving average of $43.03 and a 200 day moving average of $43.84. The stock has a market cap of $17.21 billion and a PE ratio of 153.43.

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 the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The company's revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Analyst Ratings Changes

VIK has been the topic of a number of research reports. Barclays set a $46.00 target price on shares of Viking and gave the company an "equal weight" rating in a report on Wednesday, March 12th. UBS Group lifted 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. Loop Capital assumed coverage on Viking in a research note on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target on the stock. Morgan Stanley lowered their price objective on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, BNP Paribas initiated coverage on Viking in a report on Thursday, March 27th. They set an "outperform" rating and a $47.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Viking currently has an average 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.

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