DnB Asset Management AS lowered its position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,114,560 shares of the company's stock after selling 517,879 shares during the quarter. DnB Asset Management AS owned about 0.26% of Viking worth $49,108,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Avior Wealth Management LLC grew its stake in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after purchasing an additional 285 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Viking by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock worth $408,000 after buying an additional 491 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock worth $916,000 after buying an additional 700 shares during the period. Simon Quick Advisors LLC increased its stake in shares of Viking by 7.2% in the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock valued at $767,000 after acquiring an additional 1,165 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Viking by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock valued at $1,656,000 after acquiring an additional 1,234 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on VIK shares. JPMorgan Chase & Co. lifted their price target on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. BNP Paribas began coverage on Viking in a research report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 target price for the company. Barclays set a $46.00 price target on Viking and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. Truist Financial boosted their price objective on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group began coverage on Viking in a report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.29.
Get Our Latest Report on Viking
Viking Stock Performance
Viking stock traded up $0.72 during mid-day trading on Tuesday, reaching $40.47. The company's stock had a trading volume of 1,021,486 shares, compared to its average volume of 2,466,327. The firm's fifty day moving average price is $46.69 and its two-hundred day moving average price is $43.43. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14. The company has a market capitalization of $17.46 billion and a P/E ratio of 155.53.
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, beating analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion for 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, research analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.
About Viking
(
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.
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