5,561,462 Shares in Viking Holdings Ltd (NYSE:VIK) Bought by Norges Bank

Norges Bank purchased a new stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,561,462 shares of the company's stock, valued at approximately $245,038,000. Norges Bank owned about 1.29% of Viking at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. bought a new stake in shares of Viking in the 3rd quarter valued at about $1,269,000. Blue Chip Partners LLC bought a new stake in Viking in the fourth quarter valued at approximately $279,000. Renaissance Capital LLC boosted its stake in shares of Viking by 8.5% during the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock valued at $5,355,000 after purchasing an additional 9,527 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of Viking in the fourth quarter worth approximately $339,000. Finally, Franklin Resources Inc. increased its stake in shares of Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after buying an additional 836,353 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VIK has been the subject of several analyst reports. Truist Financial increased their price target on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. Loop Capital began coverage on Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price target for the company. Barclays set a $46.00 target price on Viking and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. The Goldman Sachs Group assumed coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.29.

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Viking Stock Performance

Shares of VIK stock traded up $1.51 during mid-day trading on Wednesday, reaching $42.00. 3,081,903 shares of the company's stock traded hands, compared to its average volume of 2,475,172. The firm has a market capitalization of $18.12 billion and a PE ratio of 161.54. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14. The firm has a 50 day moving average price of $46.53 and a two-hundred day moving average price of $43.49.

Viking (NYSE:VIK - Get Free Report) last released 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 company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Viking's revenue was up 20.5% compared to the same quarter last year. As a group, equities analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal 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.