Geode Capital Management LLC Has $106.29 Million Stock Position in Viking Holdings Ltd. $VIK

Geode Capital Management LLC boosted its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 8.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,488,381 shares of the company’s stock after purchasing an additional 117,753 shares during the period. Geode Capital Management LLC’s holdings in Viking were worth $106,285,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VIK. Prosperity Financial Group Inc. bought a new position in Viking during the fourth quarter valued at about $1,114,000. Hiddenite Capital Partners LP bought a new position in Viking during the fourth quarter valued at about $3,213,000. Stephens Investment Management Group LLC raised its holdings in Viking by 39.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 956,147 shares of the company’s stock valued at $68,278,000 after buying an additional 269,274 shares in the last quarter. World Investment Advisors bought a new position in Viking during the fourth quarter valued at about $1,151,000. Finally, Lecap Asset Management Ltd. bought a new position in Viking during the fourth quarter valued at about $567,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Performance

NYSE:VIK opened at $89.85 on Friday. Viking Holdings Ltd. has a 1 year low of $46.06 and a 1 year high of $93.70. The firm has a 50 day moving average of $81.83 and a 200-day moving average of $75.03. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The stock has a market capitalization of $40.04 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. Viking’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.24) earnings per share. As a group, sell-side analysts anticipate that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Viking in a research report on Friday, May 15th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and raised their price target for the company from $75.00 to $102.00 in a research report on Friday, May 22nd. Mizuho raised their price target on Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a research report on Friday, May 15th. Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $79.00 to $109.00 in a research note on Monday, May 18th. Finally, Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.38.

Insider Buying and Selling at Viking

In related news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the sale, the executive vice president owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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.