Capital Research Global Investors Has $532.51 Million Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

Capital Research Global Investors raised its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,086,045 shares of the company's stock after acquiring an additional 2,492,724 shares during the quarter. Capital Research Global Investors owned approximately 2.80% of Viking worth $532,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VIK. Norges Bank acquired a new stake in Viking in the 4th quarter valued at about $245,038,000. Franklin Resources Inc. boosted its stake 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 increased its holdings 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 during the last quarter. Federated Hermes Inc. increased its holdings in shares of 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 purchasing an additional 64,500 shares during the last quarter. Finally, Invesco Ltd. bought a new position in Viking in the 4th quarter valued at about $59,036,000. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VIK shares. Truist Financial boosted their price objective on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, March 14th. Morgan Stanley reduced their price target on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Loop Capital began coverage on Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective on the stock. Melius Research set a $51.00 target price on shares of Viking in a research report on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $46.89.

Viking Price Performance

NYSE:VIK traded up $0.13 during trading hours on Friday, hitting $40.41. The company's stock had a trading volume of 349,980 shares, compared to its average volume of 2,527,577. The company has a market capitalization of $17.43 billion and a P/E ratio of 155.77. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14. The stock has a fifty day simple moving average of $42.01 and a 200-day simple moving average of $43.86.

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, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The firm's revenue was up 20.5% on a year-over-year basis. On average, equities analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current fiscal 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.