JPMorgan Chase & Co. Grows Stake in Viking Holdings Ltd (NYSE:VIK)

JPMorgan Chase & Co. grew its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 883.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,191,731 shares of the company's stock after purchasing an additional 1,070,589 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of Viking worth $52,508,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

VIK has been the topic of a number of research analyst reports. BNP Paribas started coverage on shares of Viking in a report on Thursday, March 27th. They set an "outperform" rating and a $47.00 price objective on the stock. Barclays set a $46.00 price target on Viking and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Jefferies Financial Group initiated coverage on Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 price objective for the company. Morgan Stanley decreased their target price on Viking from $53.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Finally, Citigroup assumed 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. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Viking presently has an average rating of "Moderate Buy" and a consensus price target of $46.29.

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Viking Stock Down 9.0 %

VIK stock opened at $34.91 on Friday. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $53.14. The firm has a market cap of $15.06 billion and a P/E ratio of 134.25. The company's 50-day simple moving average is $45.93 and its 200-day simple moving average is $43.53.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. The company'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.

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.

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