Parallel Advisors LLC Increases Position in Viking Holdings Ltd (NYSE:VIK)

Parallel Advisors LLC lifted its position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,689 shares of the company's stock after purchasing an additional 10,304 shares during the period. Parallel Advisors LLC's holdings in Viking were worth $2,454,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of Viking by 27.8% in the third quarter. FMR LLC now owns 6,979,454 shares of the company's stock valued at $243,513,000 after buying an additional 1,518,773 shares during the last quarter. Franklin Resources Inc. raised its holdings 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 valued at $154,931,000 after buying an additional 836,353 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Viking by 36.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company's stock valued at $102,993,000 after buying an additional 793,795 shares during the last quarter. D1 Capital Partners L.P. raised its holdings in shares of Viking by 192.9% in the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company's stock valued at $90,231,000 after buying an additional 1,703,301 shares during the last quarter. Finally, Forest Avenue Capital Management LP raised its holdings in shares of Viking by 11.4% in the third quarter. Forest Avenue Capital Management LP now owns 1,903,208 shares of the company's stock valued at $66,403,000 after buying an additional 194,082 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

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Viking Price Performance

Shares of NYSE VIK traded up $0.14 on Friday, hitting $40.11. The company's stock had a trading volume of 6,624,736 shares, compared to its average volume of 2,427,018. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14. The company has a market capitalization of $17.30 billion and a price-to-earnings ratio of 154.25. The stock has a 50 day moving average of $47.22 and a 200-day moving average of $42.93.

Viking (NYSE:VIK - Get Free Report) last announced 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 business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. The firm's revenue was up 20.5% compared to the same quarter last year. Sell-side analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on VIK. Citigroup began coverage on shares of Viking in a report on Thursday, December 19th. They issued a "buy" rating and a $54.00 target price for the company. Morgan Stanley dropped their price target on shares of Viking from $53.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday. UBS Group boosted their price target on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group assumed coverage on shares of Viking in a research note on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.33.

About Viking

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.