Fmr LLC Decreases Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

FMR LLC lowered its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,339,575 shares of the company's stock after selling 639,879 shares during the period. FMR LLC owned approximately 1.47% of Viking worth $279,322,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Avior Wealth Management LLC boosted its stake in shares of Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after buying an additional 285 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Viking in the 4th quarter valued at about $73,000. New York State Common Retirement Fund acquired a new stake in shares of Viking in the fourth quarter valued at about $119,000. Rhumbline Advisers acquired a new position in Viking during the fourth quarter worth about $130,000. Finally, Vestcor Inc acquired a new stake in shares of Viking during the 4th quarter valued at approximately $141,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on VIK shares. UBS Group lifted their price objective on Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. JPMorgan Chase & Co. raised their target price on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Citigroup initiated coverage on shares of Viking in a report on Thursday, December 19th. They issued a "buy" rating and a $54.00 price target on the stock. Morgan Stanley cut their price objective on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group assumed coverage on Viking in a report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 target price on the stock. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.18.

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Viking Stock Up 2.5 %

Shares of VIK traded up $0.99 during mid-day trading on Tuesday, hitting $40.31. The company had a trading volume of 1,791,478 shares, compared to its average volume of 2,536,371. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14. The business's 50-day simple moving average is $44.00 and its 200-day simple moving average is $43.76. The stock has a market cap of $17.39 billion and a PE ratio of 155.05.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. Viking's revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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.