23,784 Shares in Viking Holdings Ltd (NYSE:VIK) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,784 shares of the company's stock, valued at approximately $830,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diversify Wealth Management LLC acquired a new stake in Viking in the third quarter valued at approximately $2,174,000. China Universal Asset Management Co. Ltd. bought a new stake in Viking in the third quarter worth $204,000. International Assets Investment Management LLC bought a new stake in Viking in the third quarter worth $2,222,000. GAM Holding AG acquired a new position in Viking during the third quarter worth $14,253,000. Finally, U S Global Investors Inc. bought a new position in Viking during the third quarter valued at about $1,169,000.

Viking Trading Down 1.0 %

VIK stock traded down $0.45 during midday trading on Friday, reaching $45.34. 1,909,652 shares of the company's stock traded hands, compared to its average volume of 1,866,751. The company has a 50-day simple moving average of $37.50 and a two-hundred day simple moving average of $34.30. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $46.25.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. Analysts expect that Viking Holdings Ltd will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VIK shares. Wells Fargo & Company boosted their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 4th. Morgan Stanley raised Viking from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $37.00 to $49.00 in a research report on Tuesday. Barclays lifted their price objective on Viking from $39.00 to $43.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Finally, Bank of America lifted their price target on Viking from $40.00 to $51.00 and gave the stock a "buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.58.

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.