Wellington Management Group LLP Reduces Stake in Viking Holdings Ltd (NYSE:VIK)

Wellington Management Group LLP lessened its position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,378,850 shares of the company's stock after selling 535,544 shares during the period. Wellington Management Group LLP owned 0.78% of Viking worth $148,872,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VIK. Avior Wealth Management LLC lifted its holdings in Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after purchasing an additional 285 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Viking during the 4th quarter valued at $73,000. New York State Common Retirement Fund bought a new position in shares of Viking in the fourth quarter worth $119,000. Rhumbline Advisers purchased a new position in Viking during the fourth quarter worth about $130,000. Finally, Vestcor Inc purchased a new stake in shares of Viking in the 4th quarter valued at about $141,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Stock Down 9.0 %

Shares of VIK stock traded down $3.44 during mid-day trading on Friday, reaching $34.91. 6,083,004 shares of the company's stock traded hands, compared to its average volume of 2,501,667. The company's 50-day moving average price is $45.93 and its 200-day moving average price is $43.53. The company has a market cap of $15.06 billion and a P/E ratio of 134.25. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on VIK shares. UBS Group upped their price objective on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. increased their price target on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. BNP Paribas assumed coverage on shares of Viking in a report on Thursday, March 27th. They set an "outperform" rating and a $47.00 price objective for the company. Barclays set a $46.00 target price on Viking and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley dropped their price target on Viking from $53.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Viking presently has an average rating of "Moderate Buy" and an average target price of $46.29.

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.