Viking Holdings Ltd (NYSE:VIK) Shares Purchased by Hood River Capital Management LLC

Hood River Capital Management LLC grew its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 241,124 shares of the company's stock after acquiring an additional 19,658 shares during the period. Hood River Capital Management LLC owned about 0.06% of Viking worth $10,624,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Viking in the fourth quarter valued at approximately $245,038,000. Capital Research Global Investors grew its stake in shares of Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after buying an additional 2,492,724 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Viking in the 4th quarter valued at $59,036,000. Renaissance Technologies LLC lifted its stake in Viking by 150.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company's stock worth $92,319,000 after acquiring an additional 1,258,005 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in 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 acquiring an additional 1,174,121 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIK has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Viking in a research note on Monday, March 31st. They set a "hold" rating and a $45.00 price target on the stock. The Goldman Sachs Group reduced their target price on shares of Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday. Redburn Atlantic upgraded shares of Viking to a "hold" rating in a research note on Tuesday, April 1st. Loop Capital assumed coverage on Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective on the stock. Finally, Barclays decreased their target price on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.89.

Viking Price Performance

Shares of Viking stock traded up $0.22 during trading hours on Friday, hitting $40.50. The company had a trading volume of 933,174 shares, compared to its average volume of 2,529,848. The company's 50-day moving average is $41.79 and its two-hundred day moving average is $43.92. The company has a market cap of $17.47 billion and a P/E ratio of 155.77. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14.

Viking (NYSE:VIK - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.34 billion. The business's revenue was up 20.5% compared to the same quarter last year. Sell-side analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current 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.