Asset Planning Inc Makes New Investment in Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Asset Planning Inc has acquired 6,135 shares of Viking Holdings Ltd. (NYSE:VIK) valued at approximately $244,000 in the first quarter of 2023.
• The company's recent earnings report showed a revenue of $897.06 million for the quarter, surpassing analysts' expectations and reflecting a 24.9% year-over-year growth.
• Viking's stock currently has a consensus rating of "Moderate Buy" with an average target price of $53.33, indicating positive sentiment from analysts.

Asset Planning Inc bought a new position in Viking Holdings Ltd. (NYSE:VIK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,135 shares of the company's stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC acquired a new stake in Viking during the first quarter valued at approximately $528,000. Commerce Bank lifted its position in shares of Viking by 4.7% during the 1st quarter. Commerce Bank now owns 8,936 shares of the company's stock valued at $355,000 after acquiring an additional 399 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Viking during the 1st quarter worth $2,981,000. Harbour Investments Inc. grew its holdings in shares of Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after acquiring an additional 346 shares during the last quarter. Finally, Baldwin Investment Management LLC raised its position in shares of Viking by 19.6% during the first quarter. Baldwin Investment Management LLC now owns 26,455 shares of the company's stock worth $1,052,000 after purchasing an additional 4,340 shares during the period. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Loop Capital reiterated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Truist Financial lifted their target price on shares of Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, July 21st. Morgan Stanley cut their price target on shares of Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group raised their price objective on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Finally, Citigroup boosted their target price on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Viking has an average rating of "Moderate Buy" and an average target price of $53.33.

Viking Stock Performance

Shares of NYSE VIK traded down $1.15 during mid-day trading on Friday, reaching $57.57. The company had a trading volume of 2,631,158 shares, compared to its average volume of 2,664,782. Viking Holdings Ltd. has a twelve month low of $30.56 and a twelve month high of $59.97. The stock's 50 day moving average is $52.38 and its 200-day moving average is $47.16. The stock has a market capitalization of $25.51 billion, a PE ratio of 46.80, a price-to-earnings-growth ratio of 0.67 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The company had revenue of $897.06 million for the quarter, compared to analyst estimates of $841.18 million. During the same period in the prior year, the firm posted ($1.21) EPS. The business's revenue was up 24.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS 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.