Weiss Asset Management LP cut its holdings in Viking Holdings Ltd (NYSE:VIK - Free Report) by 60.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,000 shares of the company's stock after selling 30,700 shares during the period. Weiss Asset Management LP's holdings in Viking were worth $698,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC bought a new position in Viking during the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new position in Viking during the 2nd quarter worth $35,000. American National Bank bought a new stake in shares of Viking during the 2nd quarter worth $68,000. Sunbelt Securities Inc. bought a new stake in shares of Viking during the 2nd quarter worth $68,000. Finally, SG Americas Securities LLC bought a new stake in shares of Viking during the 3rd quarter worth $181,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Viking Price Performance
Shares of Viking stock traded down $1.65 on Monday, reaching $44.87. The company had a trading volume of 2,841,952 shares, compared to its average volume of 1,985,746. The firm's 50-day moving average price is $41.51 and its two-hundred day moving average price is $36.21. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $47.62.
Analysts Set New Price Targets
Several brokerages have recently weighed in on VIK. Wells Fargo & Company upped their price target on Viking from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Wednesday, September 4th. Morgan Stanley raised 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 report on Tuesday, November 12th. Barclays boosted their price objective on Viking from $43.00 to $49.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Truist Financial boosted their price objective on Viking from $38.00 to $49.00 and gave the stock a "hold" rating in a report on Monday, December 2nd. Finally, JPMorgan Chase & Co. upped their target price on Viking from $37.00 to $42.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Two investment 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 a consensus rating of "Moderate Buy" and an average price target of $41.92.
Check Out Our Latest Report on VIK
Viking Profile
(
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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