Nvwm LLC Takes Position in Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Nvwm LLC has made a new investment in Viking Holdings Ltd., purchasing 21,670 shares valued at approximately $861,000 during the first quarter.
• Several institutional investors have increased their stakes in Viking, with notable increases from Victory Capital Management Inc. and Y Intercept Hong Kong Ltd., reflecting strong investor interest in the company.
• Viking Holdings reported a revenue increase of 24.9% year-over-year, with earnings surpassing analyst expectations, indicating positive growth momentum.

Nvwm LLC bought a new stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,670 shares of the company's stock, valued at approximately $861,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VIK. Charles Schwab Investment Management Inc. grew its position in Viking by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock worth $1,656,000 after buying an additional 1,234 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Viking by 111.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company's stock worth $727,000 after buying an additional 8,693 shares in the last quarter. American Century Companies Inc. acquired a new stake in Viking during the fourth quarter worth approximately $33,499,000. LPL Financial LLC grew its position in Viking by 23.9% during the fourth quarter. LPL Financial LLC now owns 43,898 shares of the company's stock worth $1,934,000 after buying an additional 8,456 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Viking during the fourth quarter worth approximately $289,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays increased their price target on Viking from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Jefferies Financial Group increased their price target on Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price target on Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Northcoast Research assumed coverage on Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 price target on the stock. Finally, The Goldman Sachs Group reduced their price target on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.33.

Viking Trading Up 1.4%

NYSE VIK traded up $0.81 on Wednesday, hitting $59.31. 518,572 shares of the company's stock were exchanged, compared to its average volume of 3,216,594. Viking Holdings Ltd. has a 52 week low of $30.56 and a 52 week high of $59.37. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 0.69 and a beta of 2.38. The stock has a 50-day moving average of $51.20 and a 200-day moving average of $46.76.

Viking (NYSE:VIK - Get Free Report) last announced 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 company had revenue of $897.06 million during the quarter, compared to analysts' expectations of $841.18 million. During the same period in the prior year, the company earned ($1.21) EPS. Viking's revenue was up 24.9% compared to the same quarter last year. As a group, analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

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.