Cetera Investment Advisers Invests $310,000 in Viking Holdings Ltd (NYSE:VIK)

Cetera Investment Advisers bought a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,030 shares of the company's stock, valued at approximately $310,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of Viking in the 4th quarter valued at $567,000. Blue Chip Partners LLC bought a new position in shares of Viking in the 4th quarter valued at $279,000. Renaissance Capital LLC raised its position in Viking by 8.5% during the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after purchasing an additional 9,527 shares during the last quarter. JPMorgan Chase & Co. raised its position in Viking by 883.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after purchasing an additional 1,070,589 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Viking during the 4th quarter worth $339,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Price Performance

VIK stock traded up $0.50 during trading on Tuesday, reaching $46.10. The company had a trading volume of 1,637,422 shares, compared to its average volume of 2,463,380. The company has a market cap of $19.89 billion and a P/E ratio of 37.48. The business has a 50 day moving average of $41.67 and a 200 day moving average of $44.55. Viking Holdings Ltd has a 52 week low of $29.83 and a 52 week high of $53.14.

Viking (NYSE:VIK - Get Free Report) last posted its 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. The company had revenue of $897.06 million during the quarter, compared to the consensus estimate of $841.18 million. During the same period last year, the firm posted ($1.21) EPS. The company's revenue for the quarter was up 24.9% on a year-over-year basis. Research analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

VIK has been the subject of several research analyst reports. Barclays lowered their price objective on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus set a $50.00 target price on Viking and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, March 14th. The Goldman Sachs Group lowered their price target on shares of Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group boosted their target price on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Viking currently has an average rating of "Moderate Buy" and a consensus target price of $48.69.

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.