763,800 Shares in Viking Holdings Ltd. (NYSE:VIK) Acquired by Primecap Management Co. CA

Key Points

• Primecap Management Co. CA has acquired a new position in Viking Holdings Ltd., purchasing 763,800 shares valued at approximately $30.36 million, indicating growing institutional interest in the company.
• Viking's recent earnings report showed a net revenue increase of 24.9% year-over-year, with the company beating analysts' EPS estimates.
• Analysts currently have a consensus rating of "Moderate Buy" for Viking, with an average target price of $53.33, reflecting positive sentiment in the market.

Primecap Management Co. CA purchased a new stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 763,800 shares of the company's stock, valued at approximately $30,361,000. Primecap Management Co. CA owned 0.18% of Viking at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of 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. Geode Capital Management LLC bought a new position in Viking during the fourth quarter worth about $3,206,000. Wells Fargo & Company MN increased its position in Viking by 16.8% during the fourth quarter. Wells Fargo & Company MN now owns 82,602 shares of the company's stock worth $3,639,000 after acquiring an additional 11,891 shares during the period. Invesco Ltd. acquired a new stake in Viking in the 4th quarter worth about $59,036,000. Finally, Renaissance Technologies LLC boosted its holdings in Viking by 150.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company's stock valued at $92,319,000 after purchasing an additional 1,258,005 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on VIK shares. Barclays raised their target price on shares of Viking from $45.00 to $55.00 and gave the stock an "equal weight" rating in a 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. Wall Street Zen cut Viking from a "strong-buy" rating to a "buy" rating in a report on Friday, June 6th. Truist Financial increased their target price on Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Finally, Citigroup raised their price target on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Viking has a consensus rating of "Moderate Buy" and an average price target of $53.33.

Viking Stock Down 0.7%

Shares of VIK stock traded down $0.40 on Friday, reaching $56.56. The company had a trading volume of 2,618,169 shares, compared to its average volume of 2,495,292. The business's 50-day moving average is $53.70 and its 200 day moving average is $47.51. Viking Holdings Ltd. has a one year low of $30.75 and a one year high of $59.97. The stock has a market capitalization of $25.06 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 0.67 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The business had revenue of $897.06 million during the quarter, compared to the consensus estimate of $841.18 million. During the same quarter in the prior year, the firm earned ($1.21) EPS. The firm's revenue was up 24.9% compared to the same quarter last year. On average, sell-side analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal 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.