22,115 Shares in Viking Holdings Ltd (NYSE:VIK) Acquired by Baldwin Investment Management LLC

Baldwin Investment Management LLC bought a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,115 shares of the company's stock, valued at approximately $974,000.

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

Viking Stock Performance

Shares of Viking stock traded down $0.18 during midday trading on Tuesday, hitting $42.62. The company had a trading volume of 1,158,773 shares, compared to its average volume of 2,329,660. The company has a 50 day moving average of $40.77 and a 200 day moving average of $44.08. The stock has a market capitalization of $18.39 billion and a P/E ratio of 163.92. Viking Holdings Ltd has a 52-week low of $27.60 and a 52-week high of $53.14.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VIK. The Goldman Sachs Group decreased their target price on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Truist Financial raised their price objective on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, March 14th. Barclays dropped their target price on Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Loop Capital started coverage on Viking in a research note on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective on the stock. Finally, Northcoast Research started coverage on Viking in a research note on Friday, April 25th. They issued a "buy" rating and a $51.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.89.

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.