State of Wyoming Makes New $382,000 Investment in Viking Holdings Ltd (NYSE:VIK)

State of Wyoming bought a new stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,664 shares of the company's stock, valued at approximately $382,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after acquiring an additional 285 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Viking by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock worth $408,000 after purchasing an additional 491 shares during the period. Commerce Bank boosted its stake in shares of Viking by 7.9% during the 4th quarter. Commerce Bank now owns 8,537 shares of the company's stock valued at $376,000 after purchasing an additional 625 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock valued at $916,000 after purchasing an additional 700 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in shares of Viking by 7.2% during the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock valued at $767,000 after buying an additional 1,165 shares during the period. Institutional investors own 98.84% of the company's stock.

Viking Price Performance

NYSE VIK traded up $0.62 during trading hours on Monday, hitting $43.79. The company's stock had a trading volume of 2,763,811 shares, compared to its average volume of 2,401,945. Viking Holdings Ltd has a 12 month low of $28.89 and a 12 month high of $53.14. The company's 50 day simple moving average is $41.21 and its two-hundred day simple moving average is $44.57. The company has a market cap of $18.89 billion and a P/E ratio of 35.60.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to analysts' expectations of $841.18 million. During the same period in the previous year, the business earned ($1.21) EPS. The business's revenue was up 24.9% compared to the same quarter last year. As a group, research analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on VIK. Stifel Nicolaus set a $50.00 price objective on shares of Viking and gave the stock a "buy" rating in a report on Wednesday, May 21st. UBS Group increased their target price on Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th. Jefferies Financial Group initiated coverage on Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 target price for the company. Barclays reduced their price target on Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Melius Research set a $51.00 price objective on Viking in a report on Monday, April 21st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $47.53.

Viking 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.