JPMorgan Chase & Co. Buys 64,502 Shares of Viking Holdings Ltd (NYSE:VIK)

JPMorgan Chase & Co. boosted its position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 113.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 121,142 shares of the company's stock after purchasing an additional 64,502 shares during the quarter. JPMorgan Chase & Co.'s holdings in Viking were worth $4,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VIK. Avior Wealth Management LLC purchased a new position in shares of Viking in the third quarter worth $27,000. Sunbelt Securities Inc. purchased a new position in Viking in the 2nd quarter worth about $68,000. SG Americas Securities LLC bought a new position in Viking during the 3rd quarter valued at about $181,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Viking during the 3rd quarter valued at about $187,000. Finally, Scientech Research LLC bought a new stake in shares of Viking in the second quarter worth approximately $200,000. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Up 5.5 %

Shares of VIK traded up $2.49 during trading hours on Friday, reaching $47.63. 3,899,459 shares of the stock traded hands, compared to its average volume of 1,826,995. The company's 50-day moving average price is $45.04 and its two-hundred day moving average price is $38.90. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $48.39.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VIK. Morgan Stanley upgraded shares of Viking from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Bank of America raised their price target on Viking from $40.00 to $51.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Truist Financial increased their target price on Viking from $38.00 to $49.00 and gave the company a "hold" rating in a report on Monday, December 2nd. JPMorgan Chase & Co. boosted their price target on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Stifel Nicolaus increased their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.08.

Viking 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.