Charles Schwab Investment Management Inc. Increases Position in Viking Holdings Ltd. $VIK

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Viking Holdings Ltd. by 50.6%, acquiring an additional 19,014 shares, bringing its total holdings to 56,606 shares valued at approximately $2.25 million.
• Viking Holdings reported earnings of $0.99 per share for the latest quarter, slightly missing analyst expectations, although revenue grew 18.5% year-over-year to $1.88 billion.
• Various analysts have adjusted their ratings and price targets for Viking, with some maintaining a "buy" rating while others have set a consensus price target of $57.60.

Charles Schwab Investment Management Inc. lifted its stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 50.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,606 shares of the company's stock after acquiring an additional 19,014 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Viking were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Hsbc Holdings PLC purchased a new stake in shares of Viking during the fourth quarter worth $567,000. Fortress Investment Group LLC purchased a new stake in shares of Viking during the fourth quarter worth $1,322,000. GCM Grosvenor Holdings LLC increased its position in shares of Viking by 233.7% during the fourth quarter. GCM Grosvenor Holdings LLC now owns 317,000 shares of the company's stock worth $13,967,000 after acquiring an additional 222,009 shares during the period. Interval Partners LP acquired a new position in shares of Viking during the fourth quarter worth $13,191,000. Finally, Blackstone Inc. grew its stake in shares of Viking by 162.5% during the fourth quarter. Blackstone Inc. now owns 525,000 shares of the company's stock worth $23,132,000 after purchasing an additional 325,000 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Stock Performance

NYSE VIK traded down $0.41 during trading hours on Wednesday, hitting $62.05. The company had a trading volume of 501,498 shares, compared to its average volume of 3,152,029. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. Viking Holdings Ltd. has a 1-year low of $30.75 and a 1-year high of $64.11. The company has a market cap of $27.50 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 0.75 and a beta of 2.40. The business has a 50 day moving average of $57.98 and a 200-day moving average of $48.67.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the company posted $0.89 earnings per share. Viking's quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on VIK. Jefferies Financial Group boosted their target price on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Wall Street Zen downgraded shares of Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Citigroup boosted their target price on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. boosted their target price on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, UBS Group boosted their target price on shares of Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.60.

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.