Commonwealth Equity Services LLC Purchases 8,693 Shares of Viking Holdings Ltd (NYSE:VIK)

Commonwealth Equity Services LLC increased its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 111.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,503 shares of the company's stock after acquiring an additional 8,693 shares during the quarter. Commonwealth Equity Services LLC's holdings in Viking were worth $727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after buying an additional 285 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Viking during the 4th quarter worth about $73,000. New York State Common Retirement Fund acquired a new position in Viking in the fourth quarter valued at approximately $119,000. Rhumbline Advisers acquired a new position in shares of Viking in the 4th quarter valued at $130,000. Finally, Vestcor Inc bought a new position in Viking during the fourth quarter worth about $141,000. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

VIK has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Viking in a research report on Monday, March 31st. They set a "hold" rating and a $45.00 price target on the stock. Morgan Stanley reduced their price objective on shares of Viking from $53.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Loop Capital started coverage on Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 target price on the stock. Citigroup began coverage on Viking in a research note on Thursday, December 19th. They issued a "buy" rating and a $54.00 price target for the company. Finally, UBS Group upped their price objective on Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Viking has a consensus rating of "Moderate Buy" and a consensus price target of $46.29.

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Viking Trading Down 2.3 %

Shares of NYSE:VIK traded down $0.80 on Monday, reaching $34.13. 4,548,594 shares of the company's stock were exchanged, compared to its average volume of 2,510,517. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14. The company has a fifty day moving average of $45.64 and a 200-day moving average of $43.60. The company has a market capitalization of $14.73 billion and a price-to-earnings ratio of 131.27.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Viking's quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts forecast that Viking Holdings Ltd will post 1.49 EPS 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.