Oppenheimer & Co. Inc. Buys Shares of 7,697 Viking Holdings Ltd (NYSE:VIK)

Oppenheimer & Co. Inc. purchased a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,697 shares of the company's stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avior Wealth Management LLC bought a new position in shares of Viking during the 3rd quarter valued at $27,000. Golden State Wealth Management LLC bought a new position in Viking in the 4th quarter worth $73,000. New York State Common Retirement Fund purchased a new position in shares of Viking in the fourth quarter valued at about $119,000. Rhumbline Advisers bought a new position in Viking in the 4th quarter worth approximately $130,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Viking during the third quarter worth $187,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Price Performance

Shares of VIK stock traded down $2.57 during mid-day trading on Tuesday, hitting $40.18. The stock had a trading volume of 7,418,065 shares, compared to its average volume of 2,359,373. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14. The firm's 50-day moving average is $47.81 and its two-hundred day moving average is $42.62.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The company's revenue was up 20.5% compared to the same quarter last year. On average, analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Remove Ads

Wall Street Analyst Weigh In

A number of analysts have issued reports on VIK shares. Truist Financial lifted their price target on shares of Viking from $38.00 to $49.00 and gave the company a "hold" rating in a report on Monday, December 2nd. Barclays reiterated an "equal weight" rating and issued a $49.00 target price on shares of Viking in a research report on Friday, December 13th. The Goldman Sachs Group assumed coverage on Viking in a report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 price target for the company. Loop Capital began coverage on Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $45.13.

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.