36,358 Shares in Viking Holdings Ltd (NYSE:VIK) Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. bought a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,358 shares of the company's stock, valued at approximately $1,269,000.

Several other large investors have also recently modified their holdings of VIK. U S Global Investors Inc. purchased a new stake in Viking during the 3rd quarter valued at about $1,169,000. International Assets Investment Management LLC purchased a new position in Viking during the third quarter worth approximately $2,222,000. Forest Avenue Capital Management LP purchased a new stake in Viking in the 2nd quarter worth $58,008,000. Canada Pension Plan Investment Board acquired a new position in shares of Viking during the 2nd quarter worth about $2,063,879,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Viking during the second quarter valued at approximately $11,685,000. Institutional investors own 98.84% of the company's stock.

Viking Price Performance

VIK stock traded down $2.47 during midday trading on Wednesday, hitting $43.38. 2,321,821 shares of the company's stock were exchanged, compared to its average volume of 1,970,878. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $47.62. The business has a 50-day simple moving average of $42.88 and a two-hundred day simple moving average of $36.97.

Analyst Ratings Changes

VIK has been the topic of several recent research reports. Barclays reaffirmed an "equal weight" rating and set a $49.00 target price on shares of Viking in a research note on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on shares of Viking from $37.00 to $42.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Morgan Stanley upgraded shares of Viking from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $37.00 to $49.00 in a report on Tuesday, November 12th. Bank of America raised their target price on shares of Viking from $40.00 to $51.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company upped their price target on Viking from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.92.

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.