Viking Holdings Ltd. $VIK Stock Holdings Decreased by Westend Capital Management LLC

Westend Capital Management LLC lowered its position in Viking Holdings Ltd. (NYSE:VIK) by 30.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 195,361 shares of the company’s stock after selling 84,373 shares during the period. Viking comprises approximately 3.9% of Westend Capital Management LLC’s holdings, making the stock its 10th largest position. Westend Capital Management LLC’s holdings in Viking were worth $13,951,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of VIK. Invesco Ltd. boosted its stake in shares of Viking by 32.8% in the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after acquiring an additional 3,471,244 shares during the period. Federated Hermes Inc. boosted its position in shares of Viking by 381.8% during the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after acquiring an additional 6,715,666 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Viking by 80.3% during the third 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 in the last quarter. Holocene Advisors LP increased its holdings 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 last quarter. Finally, Norges Bank bought a new stake in Viking in the 2nd quarter valued at $236,911,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Stock Down 0.2%

Shares of VIK opened at $68.43 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The business has a fifty day moving average of $73.31 and a 200 day moving average of $67.77. The company has a market cap of $30.50 billion, a PE ratio of 26.63, a P/E/G ratio of 1.26 and a beta of 1.96. Viking Holdings Ltd. has a 52-week low of $31.79 and a 52-week high of $81.48.

Viking (NYSE:VIK) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.67 earnings per share for the quarter. The business had revenue of $1.72 billion for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. On average, sell-side analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on VIK. Bank of America increased their price objective on shares of Viking from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 12th. Truist Financial lifted their target price on Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Mizuho upped their price target on shares of Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research note on Thursday, March 5th. Finally, UBS Group increased their price objective on shares of Viking from $79.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and an average price target of $75.21.

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.