Allspring Global Investments Holdings LLC Has $47.34 Million Holdings in Viking Holdings Ltd. (NYSE:VIK)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,169,101 shares of the company's stock after selling 91,018 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.27% of Viking worth $47,337,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Viking in the 4th quarter valued at about $66,000. Orion Capital Management LLC acquired a new stake in shares of Viking in the 4th quarter valued at about $110,000. New York State Common Retirement Fund acquired a new stake in shares of Viking in the 4th quarter valued at about $119,000. Rhumbline Advisers acquired a new stake in shares of Viking in the 4th quarter valued at about $130,000. Finally, Golden State Wealth Management LLC raised its stake 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 valued at $131,000 after purchasing an additional 1,650 shares during the period. Institutional investors own 98.84% of the company's stock.

Viking Stock Performance

Viking stock opened at $52.85 on Monday. Viking Holdings Ltd. has a 52 week low of $30.56 and a 52 week high of $53.34. The stock has a market capitalization of $23.42 billion and a P/E ratio of 42.97. The stock has a 50-day simple moving average of $45.40 and a 200 day simple moving average of $44.97.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.02. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The business had revenue of $897.06 million during the quarter, compared to analysts' expectations of $841.18 million. During the same quarter last year, the company posted ($1.21) earnings per share. Viking's quarterly revenue was up 24.9% on a year-over-year basis. Research analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

VIK has been the topic of several recent research reports. Melius Research set a $51.00 price target on Viking in a research note on Monday, April 21st. BNP Paribas initiated coverage on Viking in a research note on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target on the stock. Redburn Atlantic raised Viking to a "hold" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price target on Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus set a $50.00 price target on Viking and gave the company a "buy" rating in a research note on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.87.

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.

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