Jefferies Financial Group Inc. Makes New $2.98 Million Investment in Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Jefferies Financial Group Inc. invested approximately $2.98 million in Viking Holdings Ltd. by purchasing 75,000 shares during the first quarter.
• A significant majority, 98.84%, of Viking's stock is owned by institutional investors, indicating strong confidence in the company's future performance.
• Viking Holdings recently reported a 24.9% revenue increase year-over-year, earning $897.06 million, surpassing expectations with a loss of only ($0.24) EPS in the latest quarter.

Jefferies Financial Group Inc. bought a new position in Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 75,000 shares of the company's stock, valued at approximately $2,981,000.

Several other large investors have also added to or reduced their stakes in VIK. Select Equity Group L.P. boosted its holdings in Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after acquiring an additional 3,658,225 shares in the last quarter. Capital Research Global Investors boosted its holdings in Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after acquiring an additional 2,492,724 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Viking by 4,840.2% in the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after acquiring an additional 2,274,900 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Viking by 1,972.0% in the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after acquiring an additional 2,270,075 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Viking by 580.0% in the fourth quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock valued at $96,533,000 after acquiring an additional 1,868,733 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Viking Stock Performance

Shares of VIK traded down $0.67 during trading hours on Tuesday, hitting $58.20. The company had a trading volume of 81,641 shares, compared to its average volume of 3,190,831. Viking Holdings Ltd. has a 52-week low of $30.75 and a 52-week high of $59.97. The firm has a fifty day moving average price of $52.68 and a 200-day moving average price of $47.24. The stock has a market capitalization of $25.79 billion, a price-to-earnings ratio of 47.44, a P/E/G ratio of 0.67 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping 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 business had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. During the same quarter in the previous year, the firm earned ($1.21) EPS. Viking's revenue was up 24.9% on a year-over-year basis. Research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on VIK. JPMorgan Chase & Co. lifted their price target on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Morgan Stanley dropped their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Truist Financial boosted their target price on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, July 21st. Wall Street Zen cut shares of Viking from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. Finally, Loop Capital restated a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Viking currently has an average rating of "Moderate Buy" and a consensus target price of $53.33.

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.