Viking (NYSE:VIK) Sees Unusually-High Trading Volume - Here's What Happened

Viking Holdings Ltd (NYSE:VIK - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 3,842,290 shares traded hands during trading, an increase of 59% from the previous session's volume of 2,415,409 shares.The stock last traded at $39.02 and had previously closed at $39.97.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Truist Financial upped their target price on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, March 14th. Loop Capital initiated coverage on Viking in a research note on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target for the company. Citigroup started coverage on shares of Viking in a research report on Thursday, December 19th. They set a "buy" rating and a $54.00 price objective on the stock. Finally, Morgan Stanley decreased their target price on shares of Viking from $53.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.33.

Viking Trading Down 0.4 %

The business has a 50 day moving average price of $47.14 and a 200 day moving average price of $43.19. The company has a market capitalization of $17.80 billion and a P/E ratio of 158.69.

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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, topping 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 was up 20.5% compared to the same quarter last year. On average, analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC acquired a new stake in shares of Viking during the third quarter worth about $27,000. Quarry LP acquired a new stake in Viking during the 4th quarter worth approximately $66,000. Golden State Wealth Management LLC bought a new position in Viking in the fourth quarter valued at approximately $73,000. Orion Capital Management LLC acquired a new position in shares of Viking in the fourth quarter valued at approximately $110,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Viking during the fourth quarter worth $119,000. 98.84% of the stock is currently owned by institutional investors.

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.