JPMorgan Chase & Co. Has $6.99 Million Stake in Viking Holdings Ltd. $VIK

JPMorgan Chase & Co. decreased its position in Viking Holdings Ltd. (NYSE:VIK) by 92.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 112,403 shares of the company’s stock after selling 1,354,908 shares during the quarter. JPMorgan Chase & Co.’s holdings in Viking were worth $6,987,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. raised its position in Viking by 32.8% during the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after acquiring an additional 3,471,244 shares in the last quarter. Federated Hermes Inc. grew its position in Viking by 381.8% in 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 in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Viking by 80.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after purchasing an additional 3,615,969 shares during the last quarter. Holocene Advisors LP increased its stake in shares of Viking by 57.9% during the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after purchasing an additional 2,092,729 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Viking during the 2nd quarter valued at $236,911,000. Institutional investors own 98.84% of the company’s stock.

Viking Stock Performance

VIK opened at $73.37 on Wednesday. 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 stock’s 50 day moving average price is $73.41 and its two-hundred day moving average price is $67.84. The firm has a market capitalization of $32.70 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $81.48.

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

Analysts Set New Price Targets

VIK has been the subject of a number of analyst reports. Truist Financial boosted their price target on Viking from $61.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, March 24th. Mizuho raised their price objective on Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research note on Thursday, March 5th. Wells Fargo & Company reduced their target price on Viking from $82.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, March 20th. Barclays upped their target price on Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus increased their price target on Viking from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.21.

About Viking

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.