Entropy Technologies LP Buys 80,494 Shares of Viking Holdings Ltd (NYSE:VIK)

Entropy Technologies LP boosted its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 338.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,278 shares of the company's stock after acquiring an additional 80,494 shares during the quarter. Entropy Technologies LP's holdings in Viking were worth $4,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIK. Avior Wealth Management LLC bought a new stake in shares of Viking in the third quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in Viking in the 4th quarter valued at approximately $73,000. SG Americas Securities LLC acquired a new position in Viking during the 3rd quarter worth approximately $181,000. Wilmington Savings Fund Society FSB bought a new position in shares of Viking during the 3rd quarter worth approximately $187,000. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in shares of Viking in the third quarter valued at approximately $204,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VIK. Truist Financial lifted their price target on shares of Viking from $38.00 to $49.00 and gave the company a "hold" rating in a research note on Monday, December 2nd. The Goldman Sachs Group began coverage on Viking in a research note on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price target for the company. Stifel Nicolaus upped their price objective on Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Citigroup started coverage on shares of Viking in a report on Thursday, December 19th. They set a "buy" rating and a $54.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.13.

Viking Price Performance

Shares of NYSE VIK traded up $0.81 during trading hours on Wednesday, reaching $51.68. 1,525,535 shares of the stock were exchanged, compared to its average volume of 3,051,633. The stock's fifty day simple moving average is $46.69 and its 200 day simple moving average is $40.85. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14.

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.