Viking Holdings Ltd (NYSE:VIK) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 25.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,781 shares of the company's stock after selling 6,510 shares during the period. Cerity Partners LLC's holdings in Viking were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in VIK. Stifel Financial Corp raised its holdings in shares of Viking by 64.5% in the 3rd quarter. Stifel Financial Corp now owns 12,428 shares of the company's stock valued at $434,000 after buying an additional 4,875 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Viking during the 3rd quarter worth about $187,000. Franklin Resources Inc. raised its position in Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock valued at $154,931,000 after purchasing an additional 836,353 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Viking by 113.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company's stock valued at $4,227,000 after buying an additional 64,502 shares during the period. Finally, Harbour Capital Advisors LLC grew its position in shares of Viking by 50.0% during the fourth quarter. Harbour Capital Advisors LLC now owns 12,960 shares of the company's stock worth $555,000 after buying an additional 4,320 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on VIK shares. Truist Financial lifted their price target on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, March 14th. Morgan Stanley dropped their price target on shares of Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. upped their target price on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. BNP Paribas initiated coverage on shares of Viking in a research report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target for the company. Finally, Redburn Atlantic upgraded Viking to a "hold" rating in a research report on Tuesday, April 1st. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.82.

Viking Stock Performance

VIK traded up $1.66 during trading on Wednesday, hitting $39.66. The stock had a trading volume of 3,237,230 shares, compared to its average volume of 2,530,609. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14. The firm has a market capitalization of $17.11 billion and a P/E ratio of 152.94. The company's 50-day moving average price is $42.47 and its 200 day moving average price is $43.86.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) 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 analysts' expectations of $1.34 billion. The company's revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, equities analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

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.