141,281 Shares in Viking Holdings Ltd (NYSE:VIK) Bought by WCM Investment Management LLC

WCM Investment Management LLC acquired a new stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 141,281 shares of the company's stock, valued at approximately $6,218,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC acquired a new position in shares of Viking during the 3rd quarter valued at about $27,000. Golden State Wealth Management LLC acquired a new stake in Viking during the 4th quarter worth approximately $73,000. SG Americas Securities LLC acquired a new stake in Viking during the 3rd quarter worth approximately $181,000. Wilmington Savings Fund Society FSB acquired a new stake in Viking during the 3rd quarter worth approximately $187,000. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in Viking during the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

VIK has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 target price for the company. Morgan Stanley raised shares of Viking from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Stifel Nicolaus increased their target price on shares of Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. Truist Financial increased their target price on shares of Viking from $38.00 to $49.00 and gave the stock a "hold" rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Viking has an average rating of "Moderate Buy" and a consensus price target of $45.13.

Viking Stock Performance

Shares of Viking stock traded up $0.74 on Thursday, hitting $52.35. 1,827,997 shares of the company's stock traded hands, compared to its average volume of 3,009,510. The firm's 50-day moving average is $46.82 and its 200 day moving average is $40.93. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $53.14.

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.