Deutsche Bank AG Takes Position in Viking Holdings Ltd. $VIK

Key Points

• Deutsche Bank AG has purchased 6,573 shares of Viking Holdings Ltd. valued at approximately $261,000, marking a new position in the company.
• Viking Holdings Ltd. reported earnings of $0.99 per share for the last quarter, missing analyst expectations by $0.01, although its revenue increased by 18.5% year-over-year.
• An average rating of "Moderate Buy" with a target price of $57.60 has been assigned to Viking by analysts, with ten firms rating it as a Buy and five as a Hold.

Deutsche Bank AG purchased a new stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,573 shares of the company's stock, valued at approximately $261,000.

Other large investors have also made changes to their positions in the company. Costello Asset Management INC bought a new position in Viking during the first quarter valued at approximately $33,000. Harbour Investments Inc. increased its stake in shares of Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after purchasing an additional 346 shares during the last quarter. Quarry LP bought a new position in shares of Viking during the 4th quarter valued at $66,000. Orion Capital Management LLC acquired a new stake in shares of Viking in the 4th quarter valued at $110,000. Finally, Golden State Wealth Management LLC boosted its holdings in Viking by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock worth $131,000 after purchasing an additional 1,650 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VIK. Citigroup raised their target price on Viking from $57.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Wall Street Zen lowered Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Stifel Nicolaus raised their price objective on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Morgan Stanley raised their target price on shares of Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, August 20th. Finally, Jefferies Financial Group lifted their price target on Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $57.60.

Viking Price Performance

NYSE:VIK traded down $0.25 during trading hours on Wednesday, reaching $62.21. The company had a trading volume of 546,236 shares, compared to its average volume of 3,152,270. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The stock has a 50-day moving average of $57.98 and a two-hundred day moving average of $48.67. Viking Holdings Ltd. has a one year low of $30.75 and a one year high of $64.11. The firm has a market capitalization of $27.57 billion, a PE ratio of 33.60, a PEG ratio of 0.75 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The firm's revenue for the quarter was up 18.5% on a year-over-year basis. Analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share 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.