Chung Wu Investment Group LLC purchased a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,900 shares of the company's stock, valued at approximately $304,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC purchased a new position in shares of Viking in the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new position in Viking in the fourth quarter valued at approximately $73,000. New York State Common Retirement Fund purchased a new position in Viking in the fourth quarter valued at approximately $119,000. Rhumbline Advisers acquired a new stake in Viking during the fourth quarter worth approximately $130,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Viking during the 4th quarter worth approximately $199,000. Institutional investors and hedge funds own 98.84% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on VIK shares. Barclays reaffirmed an "equal weight" rating and issued a $49.00 target price on shares of Viking in a research report on Friday, December 13th. The Goldman Sachs Group began coverage on Viking in a research report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 target price on the stock. 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. Truist Financial raised their price target on Viking from $38.00 to $49.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd. Finally, Citigroup began 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. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.13.
Check Out Our Latest Analysis on VIK
Viking Stock Performance
Shares of VIK stock traded down $0.66 during trading hours on Monday, reaching $42.95. 5,844,763 shares of the company's stock were exchanged, compared to its average volume of 2,337,267. The company's 50 day moving average is $47.81 and its two-hundred day moving average is $42.62. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $53.14.
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
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