Renaissance Technologies LLC Acquires 1,258,005 Shares of Viking Holdings Ltd (NYSE:VIK)

Renaissance Technologies LLC lifted its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 150.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,095,305 shares of the company's stock after buying an additional 1,258,005 shares during the period. Renaissance Technologies LLC owned approximately 0.49% of Viking worth $92,319,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VIK. Norges Bank acquired a new stake in shares of Viking during the fourth quarter valued at approximately $245,038,000. Invesco Ltd. purchased a new stake in shares of Viking in the fourth quarter valued at $59,036,000. Arrowstreet Capital Limited Partnership raised its position in Viking by 1,128.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,278,150 shares of the company's stock valued at $56,315,000 after buying an additional 1,174,121 shares during the period. JPMorgan Chase & Co. lifted its stake in Viking by 883.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after acquiring an additional 1,070,589 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Viking during the 4th quarter worth about $37,332,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Price Performance

Shares of Viking stock traded up $0.08 during midday trading on Monday, hitting $39.71. The company had a trading volume of 456,879 shares, compared to its average volume of 3,378,740. The stock has a market cap of $17.13 billion and a PE ratio of 152.73. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14. The business's 50 day simple moving average is $44.25 and its two-hundred day simple moving average is $43.73.

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Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The business's revenue for the quarter was up 20.5% on a year-over-year basis. On average, sell-side analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup started coverage on shares of Viking in a research report on Thursday, December 19th. They issued a "buy" rating and a $54.00 price target for the company. UBS Group boosted their price target on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Barclays set a $46.00 price objective on Viking and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. BNP Paribas initiated coverage on Viking in a research report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Viking currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.18.

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.