Driehaus Capital Management LLC Boosts Stake in Viking Holdings Ltd (NYSE:VIK)

Driehaus Capital Management LLC lifted its stake in Viking Holdings Ltd (NYSE:VIK - Free Report) by 99.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,035 shares of the company's stock after buying an additional 188,726 shares during the period. Driehaus Capital Management LLC owned approximately 0.09% of Viking worth $16,656,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VIK. JPMorgan Chase & Co. grew its position in shares of Viking by 113.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company's stock valued at $4,227,000 after buying an additional 64,502 shares during the last quarter. Harbour Capital Advisors LLC grew its position in shares of Viking by 50.0% in the 4th quarter. Harbour Capital Advisors LLC now owns 12,960 shares of the company's stock valued at $555,000 after buying an additional 4,320 shares during the last quarter. Radnor Capital Management LLC purchased a new position in shares of Viking in the 4th quarter valued at $916,000. Merit Financial Group LLC grew its position in shares of Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock valued at $916,000 after buying an additional 700 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its position in shares of Viking by 3.5% in the 4th quarter. Diversify Wealth Management LLC now owns 58,416 shares of the company's stock valued at $2,552,000 after buying an additional 1,960 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VIK shares. Morgan Stanley dropped their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Truist Financial lifted their price objective on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. BNP Paribas started coverage on shares of Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price for the company. Redburn Atlantic upgraded Viking to a "hold" rating in a research report on Tuesday, April 1st. Finally, Barclays reduced their price objective on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.89.

Viking Price Performance

NYSE VIK traded up $2.28 on Monday, hitting $45.53. 2,769,916 shares of the company's stock were exchanged, compared to its average volume of 2,326,301. The firm's 50-day moving average price is $40.49 and its two-hundred day moving average price is $44.26. Viking Holdings Ltd has a fifty-two week low of $27.60 and a fifty-two week high of $53.14. The firm has a market cap of $19.65 billion and a price-to-earnings ratio of 175.13.

Viking (NYSE:VIK - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.34 billion. The business's quarterly revenue was up 20.5% on a year-over-year basis. On average, research analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

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.