Viking Holdings Ltd (NYSE:VIK) Shares Purchased by Renaissance Capital LLC

Renaissance Capital LLC increased its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 121,547 shares of the company's stock after purchasing an additional 9,527 shares during the period. Viking accounts for about 3.5% of Renaissance Capital LLC's holdings, making the stock its 11th biggest holding. Renaissance Capital LLC's holdings in Viking were worth $5,355,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in Viking in the third quarter valued at approximately $27,000. SG Americas Securities LLC acquired a new position in shares of Viking in the 3rd quarter valued at $181,000. Wilmington Savings Fund Society FSB purchased a new stake in Viking in the 3rd quarter valued at $187,000. China Universal Asset Management Co. Ltd. acquired a new stake in Viking during the 3rd quarter worth $204,000. Finally, Commerce Bank purchased a new position in Viking during the 3rd quarter worth $276,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Price Performance

Shares of NYSE:VIK traded up $0.01 during trading on Friday, hitting $52.85. 3,872,016 shares of the stock were exchanged, compared to its average volume of 3,062,313. The company has a fifty day moving average price of $46.24 and a two-hundred day moving average price of $40.36. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of research reports. Truist Financial raised their price target on Viking from $38.00 to $49.00 and gave the stock 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 note on Friday, December 13th. Loop Capital began coverage on Viking in a report on Tuesday. They set a "buy" rating and a $55.00 price target for the company. Bank of America lifted their price objective on shares of Viking from $40.00 to $51.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.