13,544 Shares in Viking Holdings Ltd (NYSE:VIK) Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,544 shares of the company's stock, valued at approximately $597,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC acquired a new position in shares of Viking during the third quarter valued at $27,000. Golden State Wealth Management LLC bought a new position in Viking in the 4th quarter worth about $73,000. New York State Common Retirement Fund bought a new position in Viking in the 4th quarter worth about $119,000. Rhumbline Advisers acquired a new stake in shares of Viking in the fourth quarter valued at approximately $130,000. Finally, Vestcor Inc acquired a new position in shares of Viking during the fourth quarter worth approximately $141,000. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Down 0.4 %

Shares of Viking stock traded down $0.16 during midday trading on Tuesday, hitting $41.26. The company's stock had a trading volume of 1,924,494 shares, compared to its average volume of 2,427,665. The firm has a market capitalization of $17.80 billion and a P/E ratio of 158.69. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14. The stock has a 50-day simple moving average of $47.19 and a 200-day simple moving average of $43.13.

Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The business 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 predict that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VIK shares. Barclays set a $46.00 price target on Viking and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Truist Financial boosted their price target on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, March 14th. 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 objective for the company. UBS Group raised their price objective on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Finally, Morgan Stanley cut their target price on Viking from $53.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Viking has a consensus rating of "Moderate Buy" and a consensus target price of $46.33.

Viking Company 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.