Tabor Asset Management LP Sells 77,893 Shares of Viking Holdings Ltd. (NYSE:VIK)

Tabor Asset Management LP reduced its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 50.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,655 shares of the company's stock after selling 77,893 shares during the period. Tabor Asset Management LP's holdings in Viking were worth $3,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC purchased a new position in shares of Viking during the fourth quarter valued at about $567,000. JPMorgan Chase & Co. grew its holdings in shares of Viking by 883.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after buying an additional 1,070,589 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Viking by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock valued at $1,656,000 after buying an additional 1,234 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Viking by 111.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company's stock valued at $727,000 after buying an additional 8,693 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Viking by 134,156.0% during the fourth quarter. Barclays PLC now owns 67,128 shares of the company's stock valued at $2,958,000 after buying an additional 67,078 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Northcoast Research assumed coverage on shares of Viking in a research note on Friday, April 25th. They set a "buy" rating and a $51.00 price target on the stock. BNP Paribas assumed coverage on shares of Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price on the stock. Barclays lifted their target price on shares of Viking from $45.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Loop Capital restated a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.07.

Viking Trading Down 0.3%

Shares of NYSE VIK traded down $0.16 during midday trading on Monday, reaching $58.17. The company had a trading volume of 70,080 shares, compared to its average volume of 2,675,784. The business's 50-day simple moving average is $49.83 and its 200 day simple moving average is $46.13. The stock has a market cap of $25.78 billion, a P/E ratio of 47.26, a P/E/G ratio of 0.71 and a beta of 2.38. Viking Holdings Ltd. has a 1 year low of $30.56 and a 1 year high of $58.68.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.02. The business had revenue of $897.06 million during the quarter, compared to analysts' expectations of $841.18 million. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The business's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company posted ($1.21) earnings per share. Analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

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.

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