Tabor Asset Management LP Sells 114,419 Shares of Viking Holdings Ltd (NYSE:VIK)

Tabor Asset Management LP cut its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 48.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,115 shares of the company's stock after selling 114,419 shares during the period. Viking comprises approximately 2.0% of Tabor Asset Management LP's holdings, making the stock its 23rd largest position. Tabor Asset Management LP's holdings in Viking were worth $4,191,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new position in Viking in the 3rd quarter worth $27,000. Valley Wealth Managers Inc. bought a new position in Viking in the 2nd quarter worth $35,000. American National Bank bought a new position in shares of Viking during the 2nd quarter valued at about $68,000. Sunbelt Securities Inc. bought a new position in shares of Viking during the 2nd quarter valued at about $68,000. Finally, SG Americas Securities LLC bought a new position in shares of Viking during the 3rd quarter valued at about $181,000.

Viking Price Performance

VIK stock traded up $0.41 during mid-day trading on Friday, reaching $46.52. The company had a trading volume of 1,131,105 shares, compared to its average volume of 1,971,715. The firm has a 50 day moving average of $41.28 and a 200 day moving average of $36.00. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $47.62.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America increased their price objective on shares of Viking from $40.00 to $51.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Wells Fargo & Company increased their price objective on shares of Viking from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their price objective on shares of Viking from $39.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, Barclays upped their target price on shares of Viking from $43.00 to $49.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.92.

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.