Federated Hermes Inc. Purchases 64,500 Shares of Viking Holdings Ltd (NYSE:VIK)

Federated Hermes Inc. grew its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,684,500 shares of the company's stock after buying an additional 64,500 shares during the quarter. Federated Hermes Inc. owned 0.39% of Viking worth $74,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VIK. Norges Bank acquired a new stake in shares of Viking in the fourth quarter worth approximately $245,038,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Viking by 1,128.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,278,150 shares of the company's stock valued at $56,315,000 after buying an additional 1,174,121 shares during the period. JPMorgan Chase & Co. lifted its holdings in Viking by 883.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after buying an additional 1,070,589 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Viking during the 4th quarter valued at approximately $37,332,000. Finally, Franklin Resources Inc. grew its holdings in Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after acquiring an additional 836,353 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VIK shares. UBS Group increased their price objective 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. Redburn Atlantic raised Viking to a "hold" rating in a report on Tuesday, April 1st. Citigroup began coverage on Viking in a research report on Thursday, December 19th. They issued a "buy" rating and a $54.00 target price on the stock. Loop Capital began coverage on Viking in a research note on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target for the company. Finally, Barclays set a $46.00 price objective on shares of Viking and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Viking has an average rating of "Moderate Buy" and a consensus target price of $46.18.

Remove Ads

Viking Trading Up 1.1 %

NYSE VIK traded up $0.45 on Friday, reaching $39.67. The stock had a trading volume of 1,864,289 shares, compared to its average volume of 2,542,787. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $53.14. The business has a 50 day moving average price of $44.25 and a 200 day moving average price of $43.66. The company has a market capitalization of $17.11 billion and a price-to-earnings ratio of 152.57.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The business's quarterly revenue was up 20.5% compared to the same quarter last year. On average, analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

About Viking

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.