Southeast Asset Advisors LLC Sells 13,360 Shares of Viking Holdings Ltd. $VIK

Key Points

• Southeast Asset Advisors LLC has reduced its stake in Viking Holdings Ltd. by 13.3%, selling 13,360 shares and now holding a total of 87,012 shares valued at approximately $3.46 million.
• Analysts have raised their price targets for Viking Holdings, with Morgan Stanley setting a new target of $66.00 and ten investment analysts rating the stock as a "Buy" with a consensus target price of $57.20.
• Despite reporting a slight earnings miss for the last quarter, Viking's revenue increased by 18.5% year-over-year, showcasing its growth potential in the passenger transport sector.

Southeast Asset Advisors LLC decreased its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 13.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,012 shares of the company's stock after selling 13,360 shares during the quarter. Southeast Asset Advisors LLC's holdings in Viking were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of VIK. Costello Asset Management INC acquired a new position in Viking during the first quarter worth $33,000. Harbour Investments Inc. grew its holdings in shares of Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after purchasing an additional 346 shares in the last quarter. Quarry LP bought a new stake in Viking in the 4th quarter valued at $66,000. Orion Capital Management LLC bought a new position in Viking during the fourth quarter worth about $110,000. Finally, Golden State Wealth Management LLC boosted its holdings in Viking by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after purchasing an additional 1,650 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Trading Up 1.3%

VIK stock traded up $0.79 during midday trading on Thursday, reaching $63.73. The company's stock had a trading volume of 2,300,091 shares, compared to its average volume of 3,183,037. The business's 50-day simple moving average is $56.90 and its 200-day simple moving average is $48.37. 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 52 week low of $30.75 and a 52 week high of $64.08. The stock has a market cap of $28.24 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 0.73 and a beta of 2.40.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on VIK. Morgan Stanley increased their price objective on Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lifted their target price on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Citigroup increased 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. Loop Capital reiterated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group increased their target price on Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a report on Monday, July 7th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $57.60.

About Viking

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.