Diversify Wealth Management LLC Invests $2.17 Million in Viking Holdings Ltd (NYSE:VIK)

Diversify Wealth Management LLC bought a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 56,456 shares of the company's stock, valued at approximately $2,174,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. purchased a new stake in Viking during the 2nd quarter worth approximately $35,000. Sunbelt Securities Inc. bought a new stake in shares of Viking in the second quarter worth $68,000. American National Bank acquired a new stake in Viking in the second quarter valued at $68,000. SG Americas Securities LLC bought a new position in Viking during the 3rd quarter valued at $181,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in Viking during the 3rd quarter worth $204,000.

Viking Stock Performance

Shares of Viking stock traded down $0.59 during trading on Wednesday, hitting $39.10. 1,411,205 shares of the stock were exchanged, compared to its average volume of 1,872,789. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $39.70. The company has a fifty day moving average of $35.48.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, sell-side analysts forecast that Viking Holdings Ltd will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on VIK. Bank of America increased their price target on shares of Viking from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Wells Fargo & Company increased their target price on Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Wednesday, September 4th. Barclays boosted their price target on Viking from $39.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on Viking from $37.00 to $42.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Viking from $37.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.50.

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.