Evercore Wealth Management LLC Purchases Shares of 1,221,832 Viking Holdings Ltd (NYSE:VIK)

Evercore Wealth Management LLC acquired a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,221,832 shares of the company's stock, valued at approximately $53,834,000. Evercore Wealth Management LLC owned approximately 0.28% of Viking at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Avior Wealth Management LLC boosted its stake 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 purchasing an additional 285 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Viking by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock valued at $408,000 after buying an additional 491 shares during the period. Commerce Bank boosted its stake in Viking by 7.9% during the fourth quarter. Commerce Bank now owns 8,537 shares of the company's stock valued at $376,000 after buying an additional 625 shares in the last quarter. Merit Financial Group LLC grew its holdings in Viking by 3.5% during the fourth quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock worth $916,000 after acquiring an additional 700 shares during the period. Finally, Simon Quick Advisors LLC grew its holdings in Viking by 7.2% during the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock worth $767,000 after acquiring an additional 1,165 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Viking Trading Up 1.2 %

Viking stock traded up $0.48 on Monday, reaching $41.03. 698,730 shares of the stock were exchanged, compared to its average volume of 2,522,608. The stock has a market cap of $17.70 billion and a PE ratio of 157.79. The firm has a fifty day moving average price of $41.79 and a two-hundred day moving average price of $43.97. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The business 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. Equities analysts anticipate that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VIK shares. JPMorgan Chase & Co. raised their price objective on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Truist Financial increased their price objective on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. Barclays decreased their target price on Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group assumed coverage on Viking in a report on Monday, March 31st. They set a "hold" rating and a $45.00 target price for the company. Finally, Northcoast Research started coverage on Viking in a report on Friday. They set a "buy" rating and a $51.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.89.

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.