Viking Holdings Ltd. $VIK Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 78.6% during the third quarter, HoldingsChannel reports. The fund owned 18,861 shares of the company’s stock after selling 69,449 shares during the quarter. Voya Investment Management LLC’s holdings in Viking were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. purchased a new stake in shares of Viking during the 2nd quarter worth approximately $27,000. Private Trust Co. NA purchased a new stake in Viking in the 2nd quarter valued at approximately $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Viking during the second quarter worth $53,000. NewEdge Advisors LLC lifted its position in shares of Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after acquiring an additional 690 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in Viking by 20.1% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock valued at $106,000 after purchasing an additional 332 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial boosted their price target on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a research note on Monday. Barclays upped their price target on Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Wells Fargo & Company increased their price objective on shares of Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.00.

Viking Stock Down 1.1%

Shares of Viking stock opened at $72.09 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. The company has a market cap of $31.95 billion, a P/E ratio of 33.69, a P/E/G ratio of 0.84 and a beta of 2.12. The stock has a 50-day moving average price of $64.95 and a 200 day moving average price of $60.85. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $74.61.

Viking (NYSE:VIK) last released its earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.89 EPS. The company’s revenue was up 19.1% on a year-over-year basis. As a group, analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Viking Company 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.