Invesco Ltd. Invests $59.04 Million in Viking Holdings Ltd (NYSE:VIK)

Invesco Ltd. acquired a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,339,901 shares of the company's stock, valued at approximately $59,036,000. Invesco Ltd. owned approximately 0.31% of Viking at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VIK. Charles Schwab Investment Management Inc. acquired a new position in Viking in the third quarter valued at approximately $1,269,000. Blue Chip Partners LLC purchased a new position in shares of Viking in the 4th quarter valued at $279,000. Renaissance Capital LLC raised its stake in Viking by 8.5% during the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after acquiring an additional 9,527 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Viking by 883.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after acquiring an additional 1,070,589 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Viking in the fourth quarter valued at $339,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIK has been the topic of several research analyst reports. Loop Capital began coverage on Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price target on the stock. UBS Group increased their price target 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. upped their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Citigroup started coverage on Viking in a report on Thursday, December 19th. They issued a "buy" rating and a $54.00 price target for the company. Finally, Redburn Atlantic raised Viking to a "hold" rating in a research report on Tuesday, April 1st. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.18.

Viking Trading Down 0.6 %

VIK stock traded down $0.26 during trading on Friday, reaching $39.89. The stock had a trading volume of 1,696,317 shares, compared to its average volume of 2,530,050. The firm has a fifty day moving average price of $43.25 and a 200 day moving average price of $43.74. The company has a market capitalization of $17.21 billion and a P/E ratio of 153.43. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Viking's quarterly revenue was up 20.5% compared to the same quarter last year. Sell-side analysts predict 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.