Viking Holdings Ltd. $VIK Stock Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 60.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,653 shares of the company’s stock after selling 359,495 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Viking worth $14,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Viking by 400.3% during the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock valued at $563,654,000 after purchasing an additional 8,462,947 shares during the period. Federated Hermes Inc. boosted its position in shares of 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 buying an additional 6,715,666 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 buying an additional 3,615,969 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Viking by 57.9% during the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after buying an additional 2,092,729 shares in the last quarter. Finally, Norges Bank acquired a new position in Viking during the second quarter valued at $236,911,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on VIK. Truist Financial raised their price objective on Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of Viking from $77.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Mizuho upped their price objective 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, Bank of America increased their target price on shares of Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.40.

Viking Stock Down 0.5%

VIK opened at $72.23 on Wednesday. The company has a market capitalization of $32.01 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.33 and a beta of 1.96. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.79 and a quick ratio of 0.77. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $81.48. The business has a 50-day moving average of $73.59 and a 200-day moving average of $67.01.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Viking had a return on equity of 240.75% and a net margin of 17.65%.The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Equities research analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Viking 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.