Marshall Wace LLP Has $35.41 Million Stock Position in Viking Holdings Ltd (NYSE:VIK)

Marshall Wace LLP lessened its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 54.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 803,621 shares of the company's stock after selling 980,152 shares during the period. Marshall Wace LLP owned approximately 0.19% of Viking worth $35,408,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VIK. Norges Bank bought a new position in Viking during the fourth quarter valued at about $245,038,000. Franklin Resources Inc. increased its position in shares of Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock valued at $154,931,000 after purchasing an additional 836,353 shares during the period. Renaissance Technologies LLC raised its stake in shares of Viking by 150.2% in the fourth quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company's stock valued at $92,319,000 after purchasing an additional 1,258,005 shares in the last quarter. Federated Hermes Inc. boosted its stake in Viking by 4.0% during the fourth quarter. Federated Hermes Inc. now owns 1,684,500 shares of the company's stock worth $74,219,000 after buying an additional 64,500 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in Viking in the 4th quarter valued at $59,036,000. Institutional investors own 98.84% of the company's stock.

Viking Stock Up 4.5 %

VIK stock traded up $1.72 during trading on Wednesday, hitting $39.72. The company had a trading volume of 4,389,960 shares, compared to its average volume of 2,538,231. The stock has a market cap of $17.14 billion and a price-to-earnings ratio of 152.77. The firm has a 50-day moving average price of $42.47 and a 200-day moving average price of $43.86. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14.

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, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The firm's revenue was up 20.5% compared to the same quarter last year. Equities analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on VIK shares. Morgan Stanley lowered their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. BNP Paribas began coverage on Viking in a report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 target price for the company. UBS Group boosted their price target on Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Loop Capital started coverage on Viking in a research note on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective for the company. Finally, 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 research note on Wednesday. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.82.

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.