Natixis Advisors LLC Sells 4,841 Shares of Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Natixis Advisors LLC has reduced its stake in Viking Holdings Ltd. by **32.5%**, selling **4,841 shares**, bringing its total holdings to **10,071 shares** valued at around **$400,000**.
• Analysts have set new price targets for Viking, with JPMorgan raising it to **$61.00** and Citigroup increasing it to **$68.00**, indicating a general positive outlook on the stock's performance.
• Viking reported earnings per share of **($0.24)** for the last quarter, beating expectations and achieving a revenue of **$897.06 million**, a **24.9%** increase year-over-year.

Natixis Advisors LLC lessened its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 32.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,071 shares of the company's stock after selling 4,841 shares during the quarter. Natixis Advisors LLC's holdings in Viking were worth $400,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VIK. Select Equity Group L.P. boosted its position 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 buying an additional 3,658,225 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock worth $532,511,000 after acquiring an additional 2,492,724 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Viking by 4,840.2% in the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock worth $102,303,000 after acquiring an additional 2,274,900 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Viking by 1,972.0% in the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock worth $105,092,000 after acquiring an additional 2,270,075 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Viking by 580.0% in the fourth quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock worth $96,533,000 after acquiring an additional 1,868,733 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Analyst Ratings Changes

VIK has been the subject of a number of research analyst reports. Melius Research set a $51.00 target price on shares of Viking in a research note on Monday, April 21st. Citigroup boosted their price target 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. Wall Street Zen downgraded shares of Viking from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. Bank of America boosted their price target on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Northcoast Research assumed coverage on shares of Viking in a research note on Friday, April 25th. They set a "buy" rating and a $51.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.00.

Viking Price Performance

Shares of NYSE:VIK traded up $0.02 during mid-day trading on Thursday, hitting $60.01. The company had a trading volume of 2,005,229 shares, compared to its average volume of 3,170,048. The firm has a fifty day moving average price of $54.47 and a 200 day moving average price of $47.73. The company has a market capitalization of $26.59 billion, a PE ratio of 48.79, a price-to-earnings-growth ratio of 0.70 and a beta of 2.40. Viking Holdings Ltd. has a one year low of $30.75 and a one year high of $60.87.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The company 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 business posted ($1.21) EPS. Viking's revenue for the quarter was up 24.9% compared to the same quarter last year. Research analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

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.