Price T Rowe Associates Inc. MD raised its stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 66.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363,291 shares of the company's stock after buying an additional 543,060 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.32% of Viking worth $54,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new position in shares of Viking during the fourth quarter valued at $567,000. Barclays PLC grew its stake in shares of Viking by 134,156.0% during the fourth quarter. Barclays PLC now owns 67,128 shares of the company's stock worth $2,958,000 after acquiring an additional 67,078 shares during the last quarter. Fortress Investment Group LLC purchased a new stake in shares of Viking during the fourth quarter worth about $1,322,000. GCM Grosvenor Holdings LLC grew its stake in shares of Viking by 233.7% during the fourth quarter. GCM Grosvenor Holdings LLC now owns 317,000 shares of the company's stock worth $13,967,000 after acquiring an additional 222,009 shares during the last quarter. Finally, Interval Partners LP acquired a new stake in shares of Viking during the fourth quarter worth about $13,191,000. 98.84% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Stifel Nicolaus lifted their target price on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Loop Capital reaffirmed a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. UBS Group boosted their price target on Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Morgan Stanley boosted their price target on Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Finally, Citigroup upped their target price on Viking from $57.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Viking presently has an average rating of "Moderate Buy" and an average price target of $57.20.
Check Out Our Latest Research Report on Viking
Viking Stock Performance
Shares of VIK stock opened at $61.75 on Wednesday. The stock has a fifty day moving average price of $56.62 and a 200 day moving average price of $48.27. The stock has a market cap of $27.36 billion, a PE ratio of 33.38, a P/E/G ratio of 0.71 and a beta of 2.40. Viking Holdings Ltd. has a 1 year low of $30.75 and a 1 year high of $61.81. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64.
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 analysts' consensus estimates of $1.00 by ($0.01). The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. Viking's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. Sell-side analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.
Viking Profile
(
Free Report)
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.
See Also
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