Viking (NYSE:VIK) Trading Down 3.6% - Time to Sell?

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) were down 3.6% during trading on Friday . The company traded as low as $42.01 and last traded at $42.25. Approximately 896,978 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 1,140,058 shares. The stock had previously closed at $43.81.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of recent research reports. Morgan Stanley upgraded Viking from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Barclays reissued an "equal weight" rating and issued a $49.00 price objective on shares of Viking in a research report on Friday, December 13th. Stifel Nicolaus upped their price target on shares of Viking from $39.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Citigroup began coverage on shares of Viking in a research report on Thursday, December 19th. They set a "buy" rating and a $54.00 price target on the stock. Finally, Bank of America boosted their target price on shares of Viking from $40.00 to $51.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.85.

Viking Trading Down 2.3 %

The business's fifty day simple moving average is $44.42 and its 200 day simple moving average is $38.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC acquired a new stake in Viking in the third quarter worth $27,000. Valley Wealth Managers Inc. bought a new position in Viking during the second quarter worth about $35,000. Sunbelt Securities Inc. acquired a new position in Viking in the second quarter valued at about $68,000. SG Americas Securities LLC bought a new stake in shares of Viking in the third quarter worth about $181,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Viking in the third quarter worth about $187,000. Institutional investors own 98.84% of the company's stock.

About Viking

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.