Allspring Global Investments Holdings LLC Decreases Holdings in Viking Holdings Ltd. $VIK

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Viking Holdings Ltd. by 6.4%, now owning 1,094,169 shares valued at approximately $59 million.
• Viking reported a quarterly EPS of $0.99, missing estimates of $1.00, but had revenue growth of 18.5% year-over-year.
• Analysts have set price targets ranged from $51.00 to $75.00, with an average consensus rating of "Moderate Buy" for Viking stock.

Allspring Global Investments Holdings LLC decreased its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,094,169 shares of the company's stock after selling 74,932 shares during the period. Allspring Global Investments Holdings LLC owned 0.25% of Viking worth $59,096,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Select Equity Group L.P. lifted its position in Viking by 8.0% during the first quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company's stock valued at $741,608,000 after acquiring an additional 1,376,899 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Viking by 6.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company's stock valued at $350,922,000 after acquiring an additional 528,843 shares during the last quarter. Invesco Ltd. increased its stake in Viking by 57.8% during the 1st quarter. Invesco Ltd. now owns 2,114,166 shares of the company's stock valued at $84,038,000 after purchasing an additional 774,265 shares in the last quarter. Sculptor Capital LP raised its holdings in shares of Viking by 503.9% in the first quarter. Sculptor Capital LP now owns 1,377,000 shares of the company's stock worth $54,736,000 after buying an additional 1,149,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Viking by 66.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,363,291 shares of the company's stock worth $54,191,000 after buying an additional 543,060 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Stock Up 3.6%

VIK stock opened at $61.46 on Wednesday. The firm has a market cap of $27.24 billion, a PE ratio of 33.22, a P/E/G ratio of 0.69 and a beta of 2.24. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. The firm's fifty day moving average is $60.97 and its 200 day moving average is $52.22. Viking Holdings Ltd. has a one year low of $31.79 and a one year high of $65.37.

Viking (NYSE:VIK - Get Free Report) last released its quarterly 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). The firm had revenue of $1.88 billion for 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 firm'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 EPS. On average, research analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analysts Set New Price Targets

VIK has been the subject of a number of research analyst reports. Bank of America raised their price target on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their price target on shares of Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Mizuho initiated coverage on shares of Viking in a report on Friday. They issued an "underperform" rating and a $54.00 price target for the company. Citigroup raised their price target on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Jefferies Financial Group raised their price target on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a report on Monday, July 7th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.93.

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.

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