LPL Financial LLC Increases Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

LPL Financial LLC lifted its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,898 shares of the company's stock after purchasing an additional 8,456 shares during the period. LPL Financial LLC's holdings in Viking were worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Truist Financial increased their price target on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. The Goldman Sachs Group initiated coverage on shares of Viking in a research note on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price objective for the company. Jefferies Financial Group began coverage on shares of Viking in a report on Monday, March 31st. They issued a "hold" rating and a $45.00 price target for the company. Redburn Atlantic raised Viking to a "hold" rating in a research note on Tuesday, April 1st. Finally, Barclays set a $46.00 price objective on Viking and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.18.

Viking Price Performance

NYSE VIK traded down $0.26 during trading on Friday, reaching $39.89. 1,696,317 shares of the company's stock traded hands, compared to its average volume of 2,530,050. The company's 50 day simple moving average is $43.03 and its two-hundred day simple moving average is $43.78. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14. The firm has a market cap of $17.21 billion and a price-to-earnings ratio of 153.43.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Viking's revenue for the quarter was up 20.5% compared to the same quarter last year. Research analysts expect 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.