T. Rowe Price Investment Management Inc. lowered its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,299,360 shares of the company's stock after selling 32,571 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.92% of Viking worth $365,670,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Avior Wealth Management LLC increased its position in shares of Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after purchasing an additional 285 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Viking by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock worth $408,000 after acquiring an additional 491 shares in the last quarter. Commerce Bank increased its holdings in Viking by 7.9% in the 4th quarter. Commerce Bank now owns 8,537 shares of the company's stock worth $376,000 after acquiring an additional 625 shares in the last quarter. Merit Financial Group LLC increased its holdings in Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock worth $916,000 after acquiring an additional 700 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its holdings in Viking by 7.2% in the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock worth $767,000 after acquiring an additional 1,165 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.
Viking Trading Up 2.3 %
Shares of VIK stock traded up $0.95 during trading hours on Monday, reaching $41.50. 1,514,735 shares of the stock were exchanged, compared to its average volume of 2,525,758. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14. The company's 50-day moving average price is $41.79 and its 200-day moving average price is $43.97. The firm has a market capitalization of $17.91 billion and a price-to-earnings ratio of 159.62.
Viking (NYSE:VIK - Get Free Report) last released its quarterly 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 firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. The firm's revenue 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 year.
Analyst Ratings Changes
VIK has been the subject of several analyst reports. BNP Paribas initiated coverage on shares of Viking in a report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 target price for the company. Melius Research set a $51.00 price target on Viking in a research note on Monday, April 21st. UBS Group upped their price target on Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Jefferies Financial Group initiated coverage on Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 price target for the company. Finally, The Goldman Sachs Group dropped their price target on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.89.
Check Out Our Latest Analysis on VIK
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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