Amundi Increases Holdings in Viking Holdings Ltd. $VIK

Amundi raised its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 31.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 682,068 shares of the company's stock after purchasing an additional 164,001 shares during the period. Amundi owned 0.15% of Viking worth $50,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VIK. Optimize Financial Inc increased its stake in shares of Viking by 1.4% during the fourth quarter. Optimize Financial Inc now owns 9,635 shares of the company's stock valued at $688,000 after buying an additional 136 shares during the period. S.A. Mason LLC raised its holdings in shares of Viking by 7.5% during the fourth quarter. S.A. Mason LLC now owns 2,150 shares of the company's stock valued at $154,000 after acquiring an additional 150 shares in the last quarter. Hohimer Wealth Management LLC lifted its stake in Viking by 1.3% in the fourth quarter. Hohimer Wealth Management LLC now owns 16,694 shares of the company's stock worth $1,192,000 after acquiring an additional 218 shares during the period. PNC Financial Services Group Inc. lifted its stake in Viking by 15.8% in the first quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company's stock worth $137,000 after acquiring an additional 255 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company's stock valued at $29,000 after acquiring an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Key Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Goldman Sachs raised its price target to $120 from $108 and upgraded Viking to “Buy,” implying approximately 15% upside from the referenced price. The endorsement may support investor confidence and reflects a more favorable outlook for Viking’s earnings and growth. Benzinga
• Positive Sentiment: Viking took delivery of the new European river ship Viking Dagur, adding capacity to its fleet and supporting future itinerary growth. Viking Takes Delivery of Viking Dagur in Europe
• Positive Sentiment: Viking announced its first Chinese-language journeys for Northern Europe, expanding its addressable customer base and potentially improving demand from Chinese-speaking travelers. Viking First Chinese-Language Journeys for Northern Europe
• Neutral Sentiment: A report about oral VK2735 entering Phase III development concerns Viking Therapeutics NASDAQ: VKTX, not Viking Holdings NYSE: VIK, and therefore should not affect VIK’s valuation. Viking Therapeutics VK2735 Development
• Negative Sentiment: A Viking river ship ran aground on the Danube in Bulgaria amid unusually low water levels, and travelers were reportedly evacuated. Although the incident appears weather- or water-level-related, disruptions, customer compensation, and negative publicity could weigh modestly on near-term results and brand perception. Viking Ship Runs Aground in Europe

Insider Activity at Viking

In related news, EVP Richard Marnell sold 6,120 shares of Viking stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the sale, the executive vice president directly owned 110,930 shares in the company, valued at approximately $10,460,699. This trade represents a 5.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 17,566 shares of company stock worth $1,640,166 over the last 90 days.

Analyst Upgrades and Downgrades

VIK has been the subject of a number of research reports. UBS Group reissued a "buy" rating and issued a $100.00 price target on shares of Viking in a research note on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price objective on Viking from $87.00 to $104.00 and gave the company an "overweight" rating in a research report on Monday, April 27th. Susquehanna upped their target price on Viking from $100.00 to $105.00 and gave the stock a "positive" rating in a report on Friday, May 15th. Truist Financial raised Viking from a "hold" rating to a "buy" rating and increased their target price for the stock from $75.00 to $102.00 in a research report on Friday, May 22nd. Finally, Citigroup raised their target price on Viking from $101.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Viking presently has an average rating of "Moderate Buy" and an average target price of $104.06.

Viking Stock Down 0.2%

Shares of Viking stock opened at $104.17 on Monday. The company has a 50-day simple moving average of $97.16 and a two-hundred day simple moving average of $83.51. The stock has a market capitalization of $46.43 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 1.20 and a beta of 1.50. Viking Holdings Ltd. has a 52-week low of $55.55 and a 52-week high of $105.86. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The firm's quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.24) earnings per share. On average, analysts anticipate that Viking Holdings Ltd. will post 3.32 EPS for the current fiscal 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.

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