ExodusPoint Capital Management LP reduced its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 94.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,605 shares of the company's stock after selling 253,741 shares during the period. ExodusPoint Capital Management LP's holdings in Viking were worth $643,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Avior Wealth Management LLC grew its position in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after buying an additional 285 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Viking by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock valued at $408,000 after purchasing an additional 491 shares during the period. Merit Financial Group LLC increased its position in shares of Viking by 3.5% during the fourth quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock worth $916,000 after purchasing an additional 700 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Viking by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock valued at $1,656,000 after purchasing an additional 1,234 shares during the period. 98.84% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. Morgan Stanley lowered their price target on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Redburn Atlantic upgraded Viking to a "hold" rating in a research report on Tuesday, April 1st. Loop Capital assumed coverage on shares of Viking in a research note on Tuesday, February 4th. They set a "buy" rating and a $55.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Viking has a consensus rating of "Moderate Buy" and a consensus price target of $46.18.
Read Our Latest Stock Report on VIK
Viking Stock Performance
Shares of VIK stock traded up $0.99 during trading hours on Tuesday, reaching $40.31. The company had a trading volume of 1,791,478 shares, compared to its average volume of 2,536,371. The business has a fifty day moving average price of $44.00 and a 200-day moving average price of $43.76. The firm has a market cap of $17.39 billion and a PE ratio of 155.05. 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 posted its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. Viking's revenue was up 20.5% compared to the same quarter last year. Equities research analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current 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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