Viking Holdings Ltd (NYSE:VIK) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC grew its holdings in Viking Holdings Ltd (NYSE:VIK - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 63,948 shares of the company's stock after purchasing an additional 8,259 shares during the period. Parallel Advisors LLC's holdings in Viking were worth $2,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Capital LLC grew its stake in shares of Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after purchasing an additional 9,527 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Viking by 9.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,088 shares of the company's stock valued at $1,898,000 after purchasing an additional 3,781 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Viking in the 4th quarter worth about $73,000. Entropy Technologies LP raised its holdings in shares of Viking by 338.4% in the 4th quarter. Entropy Technologies LP now owns 104,278 shares of the company's stock worth $4,594,000 after acquiring an additional 80,494 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new stake in Viking in the 4th quarter valued at about $6,218,000. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on VIK shares. Northcoast Research began coverage on shares of Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 target price for the company. BNP Paribas initiated coverage on shares of Viking in a research report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price objective on the stock. Jefferies Financial Group assumed coverage on Viking in a research report on Monday, March 31st. They set a "hold" rating and a $45.00 price target on the stock. Citigroup reissued a "buy" rating and set a $52.00 price objective (up from $48.00) on shares of Viking in a research report on Wednesday, May 21st. Finally, Morgan Stanley decreased their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.69.

Viking Stock Performance

Shares of NYSE:VIK traded up $0.72 on Wednesday, hitting $47.14. 1,208,559 shares of the company's stock were exchanged, compared to its average volume of 2,468,575. The firm's 50-day moving average is $41.78 and its 200 day moving average is $44.56. The company has a market capitalization of $20.34 billion and a PE ratio of 38.33. Viking Holdings Ltd has a 1-year low of $29.83 and a 1-year high of $53.14.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The firm had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. The firm's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the company earned ($1.21) earnings per share. On average, analysts anticipate that Viking Holdings Ltd will post 1.49 EPS for the current fiscal 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.