Blackstone Inc. Grows Holdings in Viking Holdings Ltd (NYSE:VIK)

Blackstone Inc. lifted its position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 162.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 525,000 shares of the company's stock after acquiring an additional 325,000 shares during the quarter. Blackstone Inc. owned 0.12% of Viking worth $23,132,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Captrust Financial Advisors purchased a new stake in Viking in the 4th quarter worth $1,792,000. Balyasny Asset Management L.P. grew its position in shares of Viking by 643.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 923,903 shares of the company's stock valued at $40,707,000 after purchasing an additional 799,646 shares during the period. Baldwin Investment Management LLC purchased a new stake in shares of Viking during the fourth quarter worth about $974,000. Bank of America Corp DE raised its position in shares of Viking by 59.4% during the 4th quarter. Bank of America Corp DE now owns 779,972 shares of the company's stock worth $34,366,000 after purchasing an additional 290,512 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Viking in the 4th quarter valued at about $23,025,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on VIK. Truist Financial boosted their price objective on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, March 14th. Jefferies Financial Group started coverage on Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 price objective for the company. BNP Paribas assumed coverage on shares of Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price on the stock. UBS Group increased their target price 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. Finally, Barclays lowered their price target on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.89.

Viking Stock Performance

Viking stock opened at $42.80 on Tuesday. The company has a market capitalization of $18.47 billion and a price-to-earnings ratio of 164.63. The company's 50 day simple moving average is $40.86 and its 200-day simple moving average is $44.09. Viking Holdings Ltd has a 1 year low of $27.60 and a 1 year high of $53.14.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 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 revenue for the quarter was up 20.5% compared to the same quarter last year. Equities analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current 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.

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