Parallel Advisors LLC Buys 5,816 Shares of Viking Holdings Ltd. $VIK

Key Points

• Parallel Advisors LLC has increased its holdings in Viking Holdings Ltd. by 9.1% during the second quarter, owning 69,764 shares valued at approximately $3.72 million.
• Several analysts have raised their price targets for Viking, with Citigroup setting a target of $68 and giving a "buy" rating, while Jefferies Financial Group holds a "hold" rating with a target of $52.
• Viking's quarterly earnings were reported at $0.99 per share, slightly missing the consensus estimate, but the company saw a revenue increase of 18.5% year-over-year, reaching $1.88 billion.

Parallel Advisors LLC increased its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,764 shares of the company's stock after purchasing an additional 5,816 shares during the quarter. Parallel Advisors LLC's holdings in Viking were worth $3,718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VIK. Two Sigma Advisers LP lifted its holdings 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 lifted its holdings 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. Select Equity Group L.P. lifted its holdings in shares of Viking by 8.0% in the first quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company's stock worth $741,608,000 after acquiring an additional 1,376,899 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Viking in the fourth quarter worth about $59,226,000. Finally, Sculptor Capital LP lifted its holdings in shares of Viking by 503.9% in the first quarter. Sculptor Capital LP now owns 1,377,000 shares of the company's stock worth $54,736,000 after acquiring an additional 1,149,000 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America increased their target price on shares of Viking from $51.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Barclays upped their price objective on Viking from $55.00 to $61.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Jefferies Financial Group raised their price objective on shares of Viking from $45.00 to $52.00 and gave the company a "hold" rating in a report on Monday, July 7th. UBS Group raised their price objective on shares of Viking from $55.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Finally, Morgan Stanley raised their price objective on shares of Viking from $62.00 to $66.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.21.

Viking Trading Down 1.0%

Viking stock traded down $0.63 during mid-day trading on Friday, hitting $62.05. 4,229,584 shares of the stock were exchanged, compared to its average volume of 1,797,993. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. Viking Holdings Ltd. has a 12 month low of $31.79 and a 12 month high of $65.37. The firm's fifty day simple moving average is $60.16 and its two-hundred day simple moving average is $49.92. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 0.74 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The business's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. Analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current year.

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.