Bank of New York Mellon Corp Increases Position in Viking Holdings Ltd (NYSE:VIK)

Bank of New York Mellon Corp increased its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 544.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,530 shares of the company's stock after acquiring an additional 159,255 shares during the period. Bank of New York Mellon Corp's holdings in Viking were worth $8,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC acquired a new position in Viking during the third quarter valued at $27,000. Golden State Wealth Management LLC purchased a new stake in shares of Viking in the fourth quarter worth about $73,000. New York State Common Retirement Fund acquired a new stake in Viking during the fourth quarter worth about $119,000. Rhumbline Advisers purchased a new position in Viking during the fourth quarter valued at approximately $130,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Viking in the third quarter valued at approximately $187,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VIK. Barclays set a $46.00 target price on shares of Viking and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Stifel Nicolaus raised their target price on Viking from $39.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Loop Capital began coverage on Viking in a report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Finally, UBS Group increased their target price on Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Viking presently has an average rating of "Moderate Buy" and a consensus target price of $46.33.

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Viking Stock Performance

Shares of NYSE VIK traded down $3.13 during trading on Tuesday, hitting $38.94. 9,017,840 shares of the company were exchanged, compared to its average volume of 3,278,435. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14. The company has a fifty day moving average price of $47.48 and a 200-day moving average price of $42.89. The firm has a market capitalization of $16.80 billion and a PE ratio of 149.75.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The company's revenue for the quarter was up 20.5% on a year-over-year basis. Research analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

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.