Invesco Ltd. Grows Stock Holdings in Viking Holdings Ltd. $VIK

Key Points

• Invesco Ltd. increased its ownership in Viking Holdings Ltd. by 57.8% during the first quarter, acquiring an additional 774,265 shares, bringing its total to approximately 2,114,166 shares valued at $84 million.
• Viking Holdings reported a quarterly revenue of $897.06 million, exceeding analyst expectations, and achieved a net margin of 9.60%, with yearly revenue growth of 24.9%.
• Analyst ratings for Viking are generally positive, with a consensus rating of "Moderate Buy" and an increase in price targets from multiple firms, reflecting optimism about its future prospects.

Invesco Ltd. boosted its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 57.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,114,166 shares of the company's stock after purchasing an additional 774,265 shares during the quarter. Invesco Ltd. owned about 0.49% of Viking worth $84,038,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VIK. Costello Asset Management INC bought a new position in shares of Viking during the first quarter valued at $33,000. Harbour Investments Inc. raised its stake in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after buying an additional 346 shares during the period. Quarry LP bought a new position in shares of Viking in the fourth quarter worth about $66,000. Orion Capital Management LLC bought a new position in shares of Viking in the fourth quarter worth about $110,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Viking by 100.0% in 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 during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIK has been the subject of several research analyst reports. 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 report on Wednesday, April 23rd. Northcoast Research initiated coverage on Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 target price for the company. Citigroup increased their target price on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Morgan Stanley increased their target price on Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Barclays increased their target price on Viking from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.20.

Viking Stock Performance

Shares of VIK stock traded down $1.0210 during trading hours on Wednesday, reaching $58.1990. The company had a trading volume of 1,518,324 shares, compared to its average volume of 3,177,334. Viking Holdings Ltd. has a 12-month low of $30.75 and a 12-month high of $60.97. The stock has a fifty day moving average of $55.39 and a 200-day moving average of $47.99. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 0.70 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.84 billion. Viking had a negative return on equity of 128.44% and a net margin of 9.60%.The company's quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Viking Company 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.