Viking Holdings Ltd (NYSE:VIK - Get Free Report) shares shot up 9.2% on Tuesday . The stock traded as high as $37.72 and last traded at $37.28. 856,825 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 3,310,441 shares. The stock had previously closed at $34.14.
Analysts Set New Price Targets
VIK has been the topic of a number of recent analyst reports. The Goldman Sachs Group started coverage on shares of Viking in a research report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 price target on the stock. Redburn Atlantic raised Viking to a "hold" rating in a research note on Tuesday, April 1st. Jefferies Financial Group assumed coverage on Viking in a research report on Monday, March 31st. They set a "hold" rating and a $45.00 price target on the stock. BNP Paribas assumed coverage on Viking in a research report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price objective for the company. Finally, Loop Capital assumed coverage on shares of Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.18.
Check Out Our Latest Analysis on VIK
Viking Trading Up 1.1 %
The company has a market capitalization of $17.11 billion and a price-to-earnings ratio of 152.57. The stock's 50 day moving average price is $44.25 and its 200 day moving average price is $43.66.
Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The business's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current year.
Institutional Trading of Viking
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Viking during the 4th quarter worth about $245,038,000. Select Equity Group L.P. increased its position in Viking by 26.9% during the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock worth $761,353,000 after buying an additional 3,658,225 shares during the last quarter. Capital Research Global Investors raised its stake in Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after buying an additional 2,492,724 shares during the period. Two Sigma Advisers LP lifted its position in shares of Viking by 4,840.2% in the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after buying an additional 2,274,900 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock worth $105,092,000 after acquiring an additional 2,270,075 shares during the period. 98.84% of the stock is owned by institutional investors.
About Viking
(
Get Free Report)
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.
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