Balyasny Asset Management L.P. Acquires 799,646 Shares of Viking Holdings Ltd (NYSE:VIK)

Balyasny Asset Management L.P. lifted its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 643.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 923,903 shares of the company's stock after buying an additional 799,646 shares during the period. Balyasny Asset Management L.P. owned approximately 0.21% of Viking worth $40,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Capital Research Global Investors grew its holdings in shares of Viking by 26.0% during the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock worth $532,511,000 after purchasing an additional 2,492,724 shares in the last quarter. Norges Bank bought a new position in Viking in the 4th quarter valued at about $245,038,000. Franklin Resources Inc. lifted its holdings in shares of Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after acquiring an additional 836,353 shares during the period. Renaissance Technologies LLC boosted its position in shares of Viking by 150.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company's stock worth $92,319,000 after acquiring an additional 1,258,005 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Viking by 4.0% in the fourth quarter. Federated Hermes Inc. now owns 1,684,500 shares of the company's stock valued at $74,219,000 after acquiring an additional 64,500 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VIK. Jefferies Financial Group initiated coverage on Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 price target on the stock. JPMorgan Chase & Co. increased 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. Northcoast Research started coverage on shares of Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 price objective for the company. Barclays dropped their price objective 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. Finally, The Goldman Sachs Group lowered their price target on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Viking currently has an average rating of "Moderate Buy" and a consensus price target of $46.89.

Viking Stock Up 1.0 %

Shares of NYSE VIK opened at $42.80 on Tuesday. Viking Holdings Ltd has a 12-month low of $27.60 and a 12-month high of $53.14. The firm has a market cap of $18.47 billion and a PE ratio of 164.63. The company's fifty day simple moving average is $40.86 and its 200 day simple moving average is $44.09.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share 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 firm's quarterly revenue was up 20.5% on a year-over-year basis. On average, equities analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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.

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