Soros Fund Management LLC Buys 100,000 Shares of Viking Holdings Ltd (NYSE:VIK)

Soros Fund Management LLC lifted its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 750,000 shares of the company's stock after acquiring an additional 100,000 shares during the quarter. Soros Fund Management LLC owned about 0.17% of Viking worth $26,168,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VIK. Avior Wealth Management LLC acquired a new stake in shares of Viking in the third quarter valued at about $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Viking during the second quarter worth approximately $35,000. Sunbelt Securities Inc. bought a new stake in shares of Viking in the second quarter valued at approximately $68,000. American National Bank acquired a new stake in shares of Viking in the second quarter worth $68,000. Finally, SG Americas Securities LLC bought a new position in Viking during the third quarter worth $181,000.

Analysts Set New Price Targets

VIK has been the topic of several research analyst reports. Barclays raised their price target on shares of Viking from $43.00 to $49.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price target on Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Bank of America boosted their price objective on Viking from $40.00 to $51.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their target price on Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. Finally, Truist Financial increased their price objective on shares of Viking from $38.00 to $49.00 and gave the company a "hold" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.92.

Viking Price Performance

Viking stock traded up $0.80 during trading hours on Friday, hitting $46.91. 760,282 shares of the stock were exchanged, compared to its average volume of 1,969,475. The business's 50-day moving average is $41.28 and its two-hundred day moving average is $36.00. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $47.62.

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.