Viking Holdings Ltd (NYSE:VIK) Stock Holdings Cut by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,331,610 shares of the company's stock after selling 5,177,085 shares during the quarter. Viking makes up about 1.9% of Canada Pension Plan Investment Board's holdings, making the stock its 8th biggest holding. Canada Pension Plan Investment Board owned about 10.51% of Viking worth $1,997,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avior Wealth Management LLC lifted its position in Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after acquiring an additional 285 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Viking during the fourth quarter valued at approximately $73,000. New York State Common Retirement Fund bought a new stake in shares of Viking in the 4th quarter worth approximately $119,000. Rhumbline Advisers purchased a new stake in shares of Viking in the 4th quarter worth approximately $130,000. Finally, Vestcor Inc bought a new position in Viking during the 4th quarter valued at approximately $141,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Trading Up 2.5 %

NYSE VIK traded up $0.94 on Tuesday, reaching $38.45. 764,322 shares of the stock were exchanged, compared to its average volume of 3,277,708. The firm has a market capitalization of $16.59 billion and a PE ratio of 147.88. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $53.14. The company's 50-day simple moving average is $42.75 and its two-hundred day simple moving average is $43.90.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The firm's quarterly revenue was up 20.5% on a year-over-year basis. Sell-side analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

VIK has been the topic of a number of recent research reports. BNP Paribas assumed coverage on Viking in a research note on Thursday, March 27th. They issued an "outperform" rating and a $47.00 target price on the stock. Loop Capital initiated coverage on shares of Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price target on the stock. UBS Group upped their price objective on Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Redburn Atlantic upgraded Viking to a "hold" rating in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.18.

Viking Company 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.