140 Summer Partners LP Decreases Stock Position in Viking Holdings Ltd (NYSE:VIK)

140 Summer Partners LP cut its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 34.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 903,091 shares of the company's stock after selling 482,244 shares during the period. Viking comprises approximately 4.8% of 140 Summer Partners LP's portfolio, making the stock its 12th largest position. 140 Summer Partners LP owned about 0.21% of Viking worth $39,790,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in VIK. Blue Chip Partners LLC purchased a new position in Viking in the 4th quarter worth $279,000. Renaissance Capital LLC lifted its stake in shares of Viking by 8.5% in the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock valued at $5,355,000 after acquiring an additional 9,527 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Viking by 883.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after acquiring an additional 1,070,589 shares during the period. Oppenheimer & Co. Inc. bought a new position in Viking during the 4th quarter worth approximately $339,000. Finally, Franklin Resources Inc. increased its stake in Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after purchasing an additional 836,353 shares during the period. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

VIK has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. UBS Group boosted their price objective on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Morgan Stanley dropped their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Melius Research set a $51.00 price target on Viking in a research report on Monday, April 21st. Finally, The Goldman Sachs Group cut their price objective on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $46.89.

Viking Stock Down 0.4 %

Shares of VIK stock traded down $0.18 during trading hours on Tuesday, hitting $42.62. 1,158,723 shares of the company's stock traded hands, compared to its average volume of 3,158,819. The stock's fifty day simple moving average is $40.86 and its two-hundred day simple moving average is $44.09. Viking Holdings Ltd has a 12-month low of $27.60 and a 12-month high of $53.14. The stock has a market cap of $18.39 billion and a price-to-earnings ratio of 163.92.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. The company's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share 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.