9,499 Shares in Viking Holdings Ltd. $VIK Bought by Optimize Financial Inc

Optimize Financial Inc bought a new stake in Viking Holdings Ltd. (NYSE:VIK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,499 shares of the company’s stock, valued at approximately $590,000.

A number of other hedge funds have also recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of Viking by 400.3% during the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after purchasing an additional 8,462,947 shares during the last quarter. Federated Hermes Inc. boosted its position in Viking by 381.8% during the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after buying an additional 6,715,666 shares during the period. Norges Bank bought a new stake in Viking during the 2nd quarter worth approximately $236,911,000. Massachusetts Financial Services Co. MA increased its position in Viking by 80.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after acquiring an additional 3,615,969 shares during the period. Finally, Holocene Advisors LP increased its position in Viking by 57.9% in the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after acquiring an additional 2,092,729 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VIK has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Wells Fargo & Company upped their price target on Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. Jefferies Financial Group raised Viking from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Finally, Barclays lifted their price objective on Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Viking Stock Performance

Shares of Viking stock opened at $73.75 on Wednesday. The business has a 50-day moving average price of $70.55 and a two-hundred day moving average price of $63.98. Viking Holdings Ltd. has a 1-year low of $31.79 and a 1-year high of $76.68. 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 $32.68 billion, a P/E ratio of 34.46, a PEG ratio of 0.66 and a beta of 2.07.

Viking (NYSE:VIK) last announced its quarterly earnings data 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 company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $0.89 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. As a group, analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current 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.