Viking Holdings Ltd. $VIK Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 2,876.1% during the second quarter, Holdings Channel reports. The institutional investor owned 23,809 shares of the company’s stock after acquiring an additional 23,009 shares during the period. TD Waterhouse Canada Inc.’s holdings in Viking were worth $2,430,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VIK. NewEdge Advisors LLC raised its holdings in shares of Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after purchasing an additional 690 shares in the last quarter. Prudential Financial Inc. bought a new stake in Viking during the second quarter worth approximately $303,000. Daiwa Securities Group Inc. bought a new stake in Viking during the second quarter worth approximately $922,000. State Street Corp grew its position in Viking by 34,748.5% in the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after buying an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC increased its holdings in shares of Viking by 275.0% in the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock valued at $1,612,000 after buying an additional 22,188 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Viking news, EVP Richard Marnell sold 6,120 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the sale, the executive vice president owned 110,930 shares of the company’s stock, valued at $10,460,699. The trade was a 5.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 17,566 shares of company stock worth $1,640,166 in the last 90 days.

Wall Street Analyst Weigh In

Several research firms have issued reports on VIK. Morgan Stanley boosted their price objective on Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Loop Capital started coverage on shares of Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 target price for the company. Mizuho lifted their target price on shares of Viking from $75.00 to $82.00 and gave the stock an “underperform” rating in a research report on Monday, August 24th. The Goldman Sachs Group boosted their price target on shares of Viking from $108.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Susquehanna upped their price target on shares of Viking from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.33.

Viking Stock Performance

VIK opened at $85.69 on Tuesday. The stock’s 50 day moving average price is $97.97 and its two-hundred day moving average price is $87.72. The firm has a market capitalization of $38.19 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.01 and a beta of 1.41. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a 12-month low of $56.37 and a 12-month high of $110.09.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the company earned $0.99 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities analysts forecast that Viking Holdings Ltd. will post 3.2 earnings per share for the current year.

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.