Del Sette Capital Management LLC Invests $1.36 Million in Viking Holdings Ltd (NYSE:VIK)

Del Sette Capital Management LLC acquired a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,766 shares of the company's stock, valued at approximately $1,356,000. Viking makes up approximately 1.1% of Del Sette Capital Management LLC's portfolio, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. bought a new position in Viking in the fourth quarter valued at approximately $33,499,000. Quantbot Technologies LP acquired a new stake in shares of Viking in the 4th quarter valued at approximately $13,260,000. Magnetar Financial LLC bought a new position in shares of Viking in the fourth quarter valued at $347,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Viking during the fourth quarter worth $597,000. Finally, Parallel Advisors LLC raised its position in Viking by 22.7% during the fourth quarter. Parallel Advisors LLC now owns 55,689 shares of the company's stock worth $2,454,000 after acquiring an additional 10,304 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VIK shares. Barclays set a $46.00 price objective on shares of Viking and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. Citigroup initiated coverage on Viking in a research report on Thursday, December 19th. They set a "buy" rating and a $54.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Viking in a research report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price objective on the stock. Loop Capital started coverage on shares of Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 target price for the company. Finally, Morgan Stanley lowered their price target on shares of Viking from $53.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.33.

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Viking Stock Down 0.4 %

Shares of VIK stock traded down $0.16 on Tuesday, reaching $41.26. The company had a trading volume of 1,924,419 shares, compared to its average volume of 3,329,132. The stock has a market capitalization of $17.80 billion and a PE ratio of 158.69. The business's 50-day moving average is $47.19 and its 200 day moving average is $43.13. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $53.14.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly 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 firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The company's revenue for the quarter was up 20.5% on a year-over-year basis. On average, sell-side analysts forecast 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.