M&G PLC Buys Shares of 197,365 Viking Holdings Ltd. $VIK

M&G PLC purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the third quarter, HoldingsChannel reports. The firm purchased 197,365 shares of the company’s stock, valued at approximately $12,237,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pittenger & Anderson Inc. purchased a new stake in Viking in the 2nd quarter valued at about $27,000. Private Trust Co. NA acquired a new stake in shares of Viking during the second quarter valued at about $29,000. TFC Financial Management Inc. purchased a new stake in shares of Viking in the 3rd quarter valued at approximately $44,000. Sentry Investment Management LLC acquired a new position in shares of Viking in the 3rd quarter worth approximately $44,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Viking in the 2nd quarter worth approximately $53,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on VIK shares. Truist Financial boosted their target price on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company boosted their price objective on Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. JPMorgan Chase & Co. boosted their price target on shares of Viking from $73.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Finally, UBS Group increased their price target on shares of Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Viking Stock Up 0.0%

Shares of NYSE:VIK opened at $75.17 on Tuesday. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $78.81. The firm’s 50 day moving average price is $72.12 and its 200 day moving average price is $65.08. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68. The stock has a market cap of $33.31 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 0.66 and a beta of 2.08.

Viking (NYSE:VIK) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. 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 prior year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, equities research analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share 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.