SG Americas Securities LLC raised its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 81.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 638,262 shares of the company's stock after acquiring an additional 285,603 shares during the quarter. SG Americas Securities LLC owned approximately 0.15% of Viking worth $25,371,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. lifted its stake in Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after acquiring an additional 3,658,225 shares during the last quarter. Capital Research Global Investors raised its position in shares of Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after purchasing an additional 2,492,724 shares during the period. Norges Bank bought a new position in shares of Viking in the fourth quarter valued at about $245,038,000. Two Sigma Investments LP lifted its stake in shares of Viking by 1,972.0% during the 4th quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock worth $105,092,000 after buying an additional 2,270,075 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Viking by 4,840.2% during the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock worth $102,303,000 after buying an additional 2,274,900 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on VIK. BNP Paribas began coverage on shares of Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price for the company. Citigroup raised their target price on shares of Viking from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. raised their target price on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group cut their target price on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus set a $50.00 target price on shares of Viking and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, Viking presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.
Read Our Latest Research Report on Viking
Viking Price Performance
Viking stock traded up $0.31 during midday trading on Thursday, hitting $47.67. The company's stock had a trading volume of 1,916,832 shares, compared to its average volume of 2,510,843. Viking Holdings Ltd has a 1-year low of $30.42 and a 1-year high of $53.14. The company has a 50-day moving average price of $43.13 and a two-hundred day moving average price of $44.71. The company has a market cap of $20.57 billion and a price-to-earnings ratio of 38.76.
Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate 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. Viking's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.21) earnings per share. Sell-side analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current year.
About Viking
(
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.
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