Alliancebernstein L.P. Decreases Position in Viking Holdings Ltd. $VIK

Alliancebernstein L.P. decreased its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 61.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,297,871 shares of the company's stock after selling 2,064,662 shares during the quarter. Alliancebernstein L.P. owned approximately 0.30% of Viking worth $51,590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Select Equity Group L.P. grew its position in shares of Viking by 26.9% during the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock worth $761,353,000 after buying an additional 3,658,225 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Viking by 6.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company's stock worth $350,922,000 after buying an additional 528,843 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock worth $105,092,000 after buying an additional 2,270,075 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Viking by 4,840.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock worth $102,303,000 after buying an additional 2,274,900 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Viking by 580.0% during the 4th quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock worth $96,533,000 after buying an additional 1,868,733 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group increased 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. JPMorgan Chase & Co. boosted their target price on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. UBS Group raised their price target on shares of Viking from $55.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Truist Financial raised their price target on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, July 21st. Finally, Citigroup raised their price target on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.93.

Viking Stock Performance

NYSE:VIK traded down $0.05 during trading hours on Tuesday, reaching $63.69. The company had a trading volume of 1,242,437 shares, compared to its average volume of 2,601,004. Viking Holdings Ltd. has a 1-year low of $30.75 and a 1-year high of $64.26. The firm has a market cap of $28.23 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 0.75 and a beta of 2.40. The business's 50 day moving average price is $59.02 and its 200-day moving average price is $49.11. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62.

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

About Viking

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.