Natixis Takes Position in Viking Holdings Ltd (NYSE:VIK)

Natixis purchased a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,600 shares of the company's stock, valued at approximately $687,000.

Several other hedge funds have also added to or reduced their stakes in VIK. Capital Research Global Investors raised its position in shares of Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after purchasing an additional 2,492,724 shares during the period. Commerce Bank grew its stake in Viking by 7.9% in the 4th quarter. Commerce Bank now owns 8,537 shares of the company's stock valued at $376,000 after buying an additional 625 shares during the last quarter. Jump Financial LLC bought a new position in Viking in the 4th quarter valued at about $10,653,000. Barclays PLC lifted its position in Viking by 134,156.0% during the fourth quarter. Barclays PLC now owns 67,128 shares of the company's stock worth $2,958,000 after acquiring an additional 67,078 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Viking by 6.2% during the fourth quarter. Bessemer Group Inc. now owns 25,547 shares of the company's stock worth $1,126,000 after acquiring an additional 1,486 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VIK. Northcoast Research began coverage on Viking in a research note on Friday. They set a "buy" rating and a $51.00 target price on the stock. Barclays lowered their price objective on Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley reduced their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Truist Financial upped their price target on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group dropped their price objective on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.89.

Viking Stock Up 2.5 %

NYSE VIK traded up $1.00 during trading hours on Monday, reaching $41.55. 1,038,875 shares of the company were exchanged, compared to its average volume of 2,524,688. The stock has a market capitalization of $17.93 billion and a P/E ratio of 159.68. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $53.14. The business's 50 day simple moving average is $41.79 and its 200-day simple moving average is $43.97.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. The firm's revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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.