Raymond James Financial Inc. acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 847,298 shares of the company's stock, valued at approximately $37,332,000. Raymond James Financial Inc. owned 0.20% of Viking as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Viking by 27.8% in the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company's stock worth $243,513,000 after purchasing an additional 1,518,773 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after purchasing an additional 836,353 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Viking by 36.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company's stock worth $102,993,000 after purchasing an additional 793,795 shares in the last quarter. D1 Capital Partners L.P. lifted its holdings in shares of Viking by 192.9% in the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company's stock worth $90,231,000 after purchasing an additional 1,703,301 shares in the last quarter. Finally, Forest Avenue Capital Management LP lifted its holdings in shares of Viking by 11.4% in the 3rd quarter. Forest Avenue Capital Management LP now owns 1,903,208 shares of the company's stock worth $66,403,000 after purchasing an additional 194,082 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on VIK shares. Citigroup started coverage on Viking in a report on Thursday, December 19th. They issued a "buy" rating and a $54.00 target price on the stock. Stifel Nicolaus increased their target price on Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Barclays set a $46.00 target price on Viking and gave the stock an "equal weight" rating in a report on Wednesday. The Goldman Sachs Group initiated coverage on Viking in a research note on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 price objective on the stock. Finally, Truist Financial raised their price objective on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $45.00.
View Our Latest Stock Analysis on VIK
Viking Price Performance
Shares of NYSE VIK traded up $1.13 during mid-day trading on Friday, reaching $40.33. 3,040,892 shares of the company's stock were exchanged, compared to its average volume of 2,365,102. The firm has a market capitalization of $17.40 billion and a price-to-earnings ratio of 155.11. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The firm has a 50-day moving average price of $47.50 and a two-hundred day moving average price of $42.76.
Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping 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 for the quarter was up 20.5% on a year-over-year basis. As a group, sell-side analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.
About Viking
(
Free Report)
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.
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