Viking Holdings Ltd (NYSE:VIK) Short Interest Update

Viking Holdings Ltd (NYSE:VIK - Get Free Report) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 7,660,000 shares, a decline of 18.7% from the February 28th total of 9,420,000 shares. Currently, 4.6% of the company's shares are sold short. Based on an average daily volume of 3,190,000 shares, the short-interest ratio is presently 2.4 days.

Viking Price Performance

Shares of Viking stock traded down $3.44 during trading on Friday, reaching $34.91. 6,083,004 shares of the company traded hands, compared to its average volume of 2,501,667. The firm has a market capitalization of $15.06 billion and a PE ratio of 134.25. Viking has a 1-year low of $25.71 and a 1-year high of $53.14. The company has a 50 day moving average price of $45.93 and a 200-day moving average price of $43.46.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The company's quarterly revenue was up 20.5% compared to the same quarter last year. Equities research analysts expect that Viking will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Viking

A number of hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new position in shares of Viking in the 3rd quarter worth $1,269,000. Blue Chip Partners LLC acquired a new position in Viking during the fourth quarter worth $279,000. Renaissance Capital LLC lifted its stake in shares of Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock valued at $5,355,000 after buying an additional 9,527 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Viking during the fourth quarter valued at about $339,000. Finally, Franklin Resources Inc. increased its position in shares of Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after acquiring an additional 836,353 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on VIK. The Goldman Sachs Group initiated coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price objective for the company. Citigroup assumed coverage on shares of Viking in a report on Thursday, December 19th. They set a "buy" rating and a $54.00 price target on the stock. Morgan Stanley decreased their price objective on Viking from $53.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Truist Financial lifted their target price on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, March 14th. Finally, BNP Paribas started coverage on Viking in a research note on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target for the company. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Viking has a consensus rating of "Moderate Buy" and an average price target of $46.29.

Viking Company 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.