Alliancebernstein L.P. Sells 2,064,662 Shares of Viking Holdings Ltd. $VIK

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

Other institutional investors also recently modified their holdings of the company. Costello Asset Management INC bought a new position in shares of Viking in the first quarter worth approximately $33,000. Harbour Investments Inc. increased 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 buying an additional 346 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Viking in the 4th quarter worth $110,000. Golden State Wealth Management LLC increased its holdings in shares of Viking by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock worth $131,000 after buying an additional 1,650 shares during the last quarter. Finally, Asset Planning Inc bought a new position in Viking in the first quarter valued at $244,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of research analyst reports. Truist Financial increased their target price on Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Wall Street Zen lowered Viking from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Morgan Stanley lifted their price target on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. Citigroup lifted their price target on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Stifel Nicolaus increased their target price on shares of Viking from $50.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.93.

Viking Trading Down 2.5%

Shares of NYSE VIK traded down $1.60 during trading hours on Friday, hitting $63.72. The company's stock had a trading volume of 390,762 shares, compared to its average volume of 3,098,790. The stock has a market cap of $28.24 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 0.74 and a beta of 2.40. Viking Holdings Ltd. has a 12 month low of $31.79 and a 12 month high of $65.37. The business has a 50-day simple moving average of $59.38 and a 200-day simple moving average of $49.32. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64.

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