EntryPoint Capital LLC Takes Position in Viking Holdings Ltd (NYSE:VIK)

EntryPoint Capital LLC bought a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,554 shares of the company's stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Viking by 27.8% in the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company's stock valued at $243,513,000 after purchasing an additional 1,518,773 shares in the last quarter. Franklin Resources Inc. boosted its position in Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock valued at $154,931,000 after buying an additional 836,353 shares during the period. D1 Capital Partners L.P. grew its stake in shares of Viking by 192.9% during the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company's stock valued at $90,231,000 after buying an additional 1,703,301 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Viking by 40.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,400,000 shares of the company's stock worth $48,846,000 after buying an additional 400,000 shares during the period. Finally, 140 Summer Partners LP bought a new stake in shares of Viking in the 3rd quarter valued at about $48,334,000. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VIK has been the topic of a number of analyst reports. Morgan Stanley decreased their price target on Viking from $53.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. UBS Group lifted their target price on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Jefferies Financial Group started coverage on shares of Viking in a research report on Monday. They set a "hold" rating and a $45.00 price target for the company. BNP Paribas initiated coverage on shares of Viking in a report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.29.

Remove Ads

Viking Price Performance

NYSE:VIK traded up $0.75 during mid-day trading on Tuesday, hitting $40.50. 2,514,106 shares of the company's stock were exchanged, compared to its average volume of 2,472,534. The company has a market cap of $17.48 billion and a PE ratio of 155.78. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $53.14. The business has a fifty day moving average price of $46.53 and a 200 day moving average price of $43.49.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Viking's quarterly revenue was up 20.5% on a year-over-year basis. On average, equities analysts forecast that Viking Holdings Ltd will post 1.49 EPS 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.