DnB Asset Management AS Lowers Stock Position in Viking Holdings Ltd. $VIK

Key Points

• DnB Asset Management AS has reduced its stake in Viking Holdings Ltd. by 21.6%, selling 240,262 shares and now holds approximately 0.20% of the company worth about $34.77 million.
• Multiple institutional investors have significantly increased their stakes in Viking, with Select Equity Group L.P. growing its ownership by 26.9% and Two Sigma Investments LP raising its stake by 1,972.0%.
• Analysts have set new price targets for Viking, with Bank of America raising its target from $51.00 to $70.00, while the average consensus price target now stands at $58.93, reflecting a generally positive outlook.

DnB Asset Management AS lessened its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 21.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 874,298 shares of the company's stock after selling 240,262 shares during the quarter. DnB Asset Management AS owned 0.20% of Viking worth $34,771,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Costello Asset Management INC purchased a new stake in shares of Viking in the 1st quarter valued at approximately $33,000. Harbour Investments Inc. increased its holdings in 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 buying an additional 346 shares during the last quarter. Orion Capital Management LLC acquired a new stake in Viking in the fourth quarter valued at $110,000. Golden State Wealth Management LLC raised its stake in Viking by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after buying an additional 1,650 shares in the last quarter. Finally, Fund 1 Investments LLC acquired a new position in shares of Viking during the 4th quarter worth about $207,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VIK shares. Bank of America raised their target price on Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley boosted their price objective on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Truist Financial increased their target price on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Barclays boosted their price target on shares of Viking from $55.00 to $61.00 and gave the company an "equal weight" rating in a research report on Thursday, August 28th. Finally, Jefferies Financial Group lifted their target price on Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.93.

Viking Stock Performance

Viking stock traded down $0.05 during mid-day trading on Tuesday, reaching $63.69. 1,167,801 shares of the company were exchanged, compared to its average volume of 3,125,409. The firm's 50-day simple moving average is $58.82 and its two-hundred day simple moving average is $49.01. Viking Holdings Ltd. has a twelve month low of $30.75 and a twelve month high of $64.26. The firm has a market cap of $28.23 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 0.74 and a beta of 2.40. 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 (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (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 company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm posted $0.89 EPS. The company's revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share 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.