Northern Trust Corp Makes New $1.06 Million Investment in Viking Holdings Ltd (NYSE:VIK)

Northern Trust Corp purchased a new stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,121 shares of the company's stock, valued at approximately $1,063,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after purchasing an additional 285 shares in the last quarter. R Squared Ltd acquired a new position in Viking during the fourth quarter worth $321,000. Renaissance Capital LLC lifted its stake in Viking by 8.5% in the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock valued at $5,355,000 after buying an additional 9,527 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Viking by 9.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,088 shares of the company's stock worth $1,898,000 after acquiring an additional 3,781 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Viking in the fourth quarter valued at about $73,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Trading Up 0.6%

Viking stock traded up $0.26 during trading on Friday, hitting $44.60. The company had a trading volume of 3,999,553 shares, compared to its average volume of 2,454,356. The stock has a market cap of $19.24 billion and a price-to-earnings ratio of 36.26. Viking Holdings Ltd has a 1-year low of $29.83 and a 1-year high of $53.14. The company's 50 day simple moving average is $41.59 and its 200-day simple moving average is $44.56.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. The firm had revenue of $897.06 million for the quarter, compared to analysts' expectations of $841.18 million. During the same quarter in the prior year, the business earned ($1.21) earnings per share. The company's quarterly revenue was up 24.9% on a year-over-year basis. As a group, analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VIK. Citigroup reiterated a "buy" rating and set a $52.00 price objective (up previously from $48.00) on shares of Viking in a research report on Wednesday, May 21st. Northcoast Research started coverage on Viking in a report on Friday, April 25th. They set a "buy" rating and a $51.00 price target on the stock. Melius Research set a $51.00 price target on shares of Viking in a research report on Monday, April 21st. UBS Group upped their price objective on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Finally, Wall Street Zen upgraded shares of Viking from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Viking has a consensus rating of "Moderate Buy" and an average price target of $48.69.

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.