Viking Holdings Ltd. (NYSE:VIK) Shares Sold by GAM Holding AG

GAM Holding AG lowered its stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 20.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 326,001 shares of the company's stock after selling 82,500 shares during the period. Viking comprises 1.0% of GAM Holding AG's portfolio, making the stock its 22nd largest holding. GAM Holding AG owned 0.08% of Viking worth $12,959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Viking during the 4th quarter valued at approximately $66,000. Orion Capital Management LLC purchased a new position in Viking in the 4th quarter valued at approximately $110,000. New York State Common Retirement Fund acquired a new position in Viking during the fourth quarter worth $119,000. Rhumbline Advisers purchased a new stake in Viking during the fourth quarter worth $130,000. Finally, Vestcor Inc purchased a new stake in Viking during the fourth quarter worth $141,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Price Performance

Viking stock traded up $0.19 during midday trading on Monday, hitting $49.67. 3,654,565 shares of the stock were exchanged, compared to its average volume of 2,539,628. The company has a 50 day moving average price of $44.24 and a two-hundred day moving average price of $44.76. The firm has a market cap of $22.01 billion and a P/E ratio of 40.38. Viking Holdings Ltd. has a 1 year low of $30.56 and a 1 year high of $53.14.

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

Analysts Set New Price Targets

VIK has been the subject of a number of research analyst reports. Wall Street Zen cut Viking from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. BNP Paribas assumed coverage on shares of Viking in a research report on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price for the company. Loop Capital reiterated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Melius Research set a $51.00 price objective on shares of Viking in a research note on Monday, April 21st. Finally, Citigroup upped their target price on Viking from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $49.00.

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.