Vontobel Holding Ltd. Takes $416,000 Position in Viking Holdings Ltd (NYSE:VIK)

Vontobel Holding Ltd. purchased a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,443 shares of the company's stock, valued at approximately $416,000.

Several other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Viking during the 3rd quarter valued at $181,000. International Assets Investment Management LLC purchased a new position in shares of Viking in the 3rd quarter worth $2,222,000. China Universal Asset Management Co. Ltd. purchased a new position in shares of Viking during the 3rd quarter worth about $204,000. Diversify Wealth Management LLC purchased a new position in shares of Viking during the 3rd quarter worth about $2,174,000. Finally, Entropy Technologies LP purchased a new position in shares of Viking during the 3rd quarter worth about $830,000. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Performance

Shares of VIK traded down $1.53 during trading hours on Friday, hitting $48.30. The stock had a trading volume of 4,554,195 shares, compared to its average volume of 3,080,629. The firm has a 50-day moving average price of $47.37 and a 200 day moving average price of $41.50. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $53.14.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VIK shares. Stifel Nicolaus lifted their price objective on shares of Viking from $39.00 to $50.00 and gave the company a "buy" rating in a report on Monday, November 18th. Truist Financial boosted their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Barclays reissued an "equal weight" rating and set a $49.00 target price on shares of Viking in a research report on Friday, December 13th. Finally, Morgan Stanley raised shares of Viking from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Viking presently has an average rating of "Moderate Buy" and an average target price of $45.13.

Viking 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.