Wells Fargo & Company MN Purchases 11,891 Shares of Viking Holdings Ltd (NYSE:VIK)

Wells Fargo & Company MN raised its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,602 shares of the company's stock after acquiring an additional 11,891 shares during the period. Wells Fargo & Company MN's holdings in Viking were worth $3,639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of VIK. Norges Bank acquired a new stake in shares of Viking in the 4th quarter worth $245,038,000. Arrowstreet Capital Limited Partnership raised its stake in Viking by 1,128.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,278,150 shares of the company's stock valued at $56,315,000 after buying an additional 1,174,121 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Viking by 883.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after acquiring an additional 1,070,589 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Viking during the fourth quarter worth about $37,332,000. Finally, Franklin Resources Inc. increased its holdings in shares of Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock valued at $154,931,000 after acquiring an additional 836,353 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VIK has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Truist Financial boosted their price objective on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, March 14th. Loop Capital started coverage on Viking in a research note on Tuesday, February 4th. They issued a "buy" rating and a $55.00 target price for the company. Jefferies Financial Group assumed coverage on Viking in a research note on Monday, March 31st. They set a "hold" rating and a $45.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.12.

Viking Price Performance

Shares of VIK stock opened at $38.03 on Wednesday. The stock has a 50 day simple moving average of $42.47 and a 200-day simple moving average of $43.86. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14. The company has a market cap of $16.41 billion and a price-to-earnings ratio of 146.26.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. The business's quarterly revenue was up 20.5% on a year-over-year basis. Analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

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.

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