International Assets Investment Management LLC Takes Position in Viking Holdings Ltd (NYSE:VIK)

International Assets Investment Management LLC purchased a new stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 63,674 shares of the company's stock, valued at approximately $2,222,000.

A number of other large investors have also added to or reduced their stakes in VIK. GAM Holding AG bought a new position in shares of Viking in the third quarter worth approximately $14,253,000. U S Global Investors Inc. bought a new position in Viking in the 3rd quarter worth $1,169,000. Allspring Global Investments Holdings LLC increased its stake in Viking by 282.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company's stock worth $45,896,000 after buying an additional 971,152 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Viking during the third quarter valued at about $327,000. Finally, Seven Grand Managers LLC lifted its position in shares of Viking by 116.7% in the third quarter. Seven Grand Managers LLC now owns 325,000 shares of the company's stock valued at $11,339,000 after acquiring an additional 175,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

VIK has been the subject of a number of research reports. JPMorgan Chase & Co. boosted 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. Barclays increased 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. Wells Fargo & Company lifted their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 4th. Bank of America upped their target price on Viking from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Finally, Morgan Stanley boosted their price objective on Viking from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Viking Trading Up 0.8 %

NYSE VIK traded up $0.33 on Monday, hitting $39.97. 1,369,758 shares of the company's stock traded hands, compared to its average volume of 1,868,082. The stock's 50-day moving average price is $35.73. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $40.09.

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