Daiwa Securities Group Inc. Buys New Position in Viking Holdings Ltd (NYSE:VIK)

Daiwa Securities Group Inc. bought a new stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,000 shares of the company's stock, valued at approximately $308,000.

A number of other hedge funds have also added to or reduced their stakes in VIK. Avior Wealth Management LLC purchased a new position in shares of Viking during the third quarter worth about $27,000. Golden State Wealth Management LLC purchased a new position in shares of Viking during the fourth quarter worth about $73,000. New York State Common Retirement Fund purchased a new position in shares of Viking during the fourth quarter worth about $119,000. Rhumbline Advisers purchased a new position in shares of Viking during the fourth quarter worth about $130,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Viking during the third quarter worth about $187,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Trading Down 0.7 %

VIK stock traded down $0.27 during midday trading on Thursday, hitting $39.83. The company had a trading volume of 2,946,188 shares, compared to its average volume of 2,408,619. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The stock's 50 day moving average price is $47.35 and its 200 day moving average price is $42.91. The stock has a market cap of $17.18 billion and a price-to-earnings ratio of 153.17.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The business's revenue was up 20.5% compared to the same quarter last year. Analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on VIK. Citigroup began coverage on Viking in a report on Thursday, December 19th. They set a "buy" rating and a $54.00 price objective for the company. Loop Capital assumed coverage on Viking in a research report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 target price for the company. UBS Group boosted their target price on Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group assumed coverage on Viking in a research report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Viking currently has an average rating of "Moderate Buy" and a consensus price target of $46.33.

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.