Viking Holdings Ltd (NYSE:VIK) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. reduced its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,325,200 shares of the company's stock after selling 41,914 shares during the period. Alyeska Investment Group L.P. owned approximately 0.31% of Viking worth $58,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Avior Wealth Management LLC boosted its holdings in Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after acquiring an additional 285 shares in the last quarter. Quarry LP bought a new position in shares of Viking in the fourth quarter worth about $66,000. Golden State Wealth Management LLC purchased a new position in shares of Viking during the 4th quarter valued at about $73,000. New York State Common Retirement Fund purchased a new position in shares of Viking during the 4th quarter valued at about $119,000. Finally, Rhumbline Advisers bought a new position in shares of Viking during the 4th quarter valued at approximately $130,000. 98.84% of the stock is currently owned by institutional investors.

Viking Price Performance

NYSE VIK traded down $0.18 during mid-day trading on Tuesday, hitting $42.62. The stock had a trading volume of 1,158,773 shares, compared to its average volume of 2,329,660. Viking Holdings Ltd has a twelve month low of $27.60 and a twelve month high of $53.14. The stock has a market capitalization of $18.39 billion and a price-to-earnings ratio of 163.92. The firm's 50 day moving average is $40.77 and its 200 day moving average is $44.08.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The business's quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on VIK. Truist Financial boosted their price objective on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. JPMorgan Chase & Co. upped their target price on shares of Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Barclays cut their target price on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut their price objective on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Finally, Northcoast Research began coverage on shares of Viking in a report on Friday, April 25th. They issued a "buy" rating and a $51.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Viking currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.89.

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.