300,953 Shares in Viking Holdings Ltd (NYSE:VIK) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 300,953 shares of the company's stock, valued at approximately $13,260,000. Viking makes up about 0.5% of Quantbot Technologies LP's holdings, making the stock its 19th largest holding. Quantbot Technologies LP owned 0.07% of Viking at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VIK. Avior Wealth Management LLC acquired a new stake in Viking in the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in Viking in the 4th quarter valued at about $73,000. New York State Common Retirement Fund acquired a new stake in Viking in the 4th quarter valued at about $119,000. Rhumbline Advisers acquired a new stake in Viking in the 4th quarter valued at about $130,000. Finally, Vestcor Inc acquired a new stake in Viking in the 4th quarter valued at about $141,000. Institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

VIK has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on shares of Viking from $39.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Loop Capital started coverage on shares of Viking in a report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target for the company. UBS Group upped 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. Barclays set a $46.00 price objective on shares of Viking and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Finally, Truist Financial upped their price objective on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.33.

Remove Ads

Viking Stock Performance

Shares of NYSE VIK traded down $3.13 during mid-day trading on Tuesday, reaching $38.94. The company had a trading volume of 9,197,167 shares, compared to its average volume of 2,397,649. The stock has a fifty day moving average of $47.48 and a two-hundred day moving average of $42.89. The company has a market capitalization of $16.80 billion and a price-to-earnings ratio of 149.75. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14.

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