Viking (NYSE:VIK) Hits New 52-Week High - Still a Buy?

Viking Holdings Ltd (NYSE:VIK - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $53.14 and last traded at $51.75, with a volume of 4609725 shares. The stock had previously closed at $52.77.

Wall Street Analyst Weigh In

A number of research firms recently commented on VIK. Stifel Nicolaus lifted their price target on shares of Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Citigroup began coverage on shares of Viking in a report on Thursday, December 19th. They issued a "buy" rating and a $54.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a "neutral" rating and a $49.00 price target on the stock. JPMorgan Chase & Co. lifted 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. Finally, Loop Capital began coverage on shares of Viking in a report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target on the stock. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Viking presently has an average rating of "Moderate Buy" and an average price target of $45.13.

Viking Trading Down 1.9 %

The business's 50-day moving average price is $46.91 and its 200 day moving average price is $41.05.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Freestone Grove Partners LP purchased a new position in shares of Viking during the 4th quarter valued at $31,267,000. Soros Fund Management LLC grew its position in shares of Viking by 20.0% during the 4th quarter. Soros Fund Management LLC now owns 900,000 shares of the company's stock valued at $39,654,000 after purchasing an additional 150,000 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Viking in the fourth quarter worth $5,901,000. AQR Capital Management LLC bought a new position in Viking in the fourth quarter valued at $14,746,000. Finally, AdvisorShares Investments LLC bought a new position in Viking in the fourth quarter valued at $194,000. 98.84% of the stock is currently owned by hedge funds and other 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.