13,281 Shares in Viking Holdings Ltd. (NYSE:VIK) Bought by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC has acquired a new position in Viking Holdings Ltd., purchasing 13,281 shares valued at approximately $528,000 during the first quarter.
• Viking Holdings reported an earnings per share (EPS) of ($0.24), surpassing estimates, with a revenue of $897.06 million for the last quarter, a 24.9% increase year-over-year.
• Despite recent positive earnings, Viking's stock opened at $57.57, showing a 2.0% decline, with an average target price among analysts of $53.33.

Blueshift Asset Management LLC purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,281 shares of the company's stock, valued at approximately $528,000.

Several other institutional investors also recently bought and sold shares of VIK. Harbour Investments Inc. lifted its position in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after acquiring an additional 346 shares in the last quarter. Quarry LP purchased a new position in Viking in the 4th quarter valued at $66,000. Orion Capital Management LLC acquired a new position in Viking during the fourth quarter worth about $110,000. Golden State Wealth Management LLC lifted its position in Viking by 100.0% during the first 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 in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Viking by 2,135.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock worth $176,000 after buying an additional 3,822 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VIK shares. The Goldman Sachs Group cut their target price on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Truist Financial lifted their target price on shares of Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Citigroup increased their price target on shares of Viking from $57.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Melius Research set a $51.00 price target on shares of Viking in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. raised their target price on Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Viking presently has a consensus rating of "Moderate Buy" and an average target price of $53.33.

Viking Stock Down 2.0%

NYSE:VIK traded down $1.15 on Friday, reaching $57.57. 2,631,158 shares of the company's stock were exchanged, compared to its average volume of 2,664,782. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 46.80, a price-to-earnings-growth ratio of 0.67 and a beta of 2.40. Viking Holdings Ltd. has a 52-week low of $30.56 and a 52-week high of $59.97. The business has a fifty day moving average of $52.38 and a 200-day moving average of $47.16.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The firm had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. During the same period in the prior year, the firm earned ($1.21) EPS. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. As a group, equities analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current 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.