TD Asset Management Inc Acquires 252,384 Shares of Viking Holdings Ltd. $VIK

TD Asset Management Inc raised its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 36.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 953,410 shares of the company's stock after purchasing an additional 252,384 shares during the quarter. TD Asset Management Inc owned 0.22% of Viking worth $50,807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of VIK. Central Pacific Bank Trust Division raised its holdings in Viking by 2.4% during the 2nd quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company's stock valued at $633,000 after buying an additional 274 shares during the period. Cerity Partners LLC raised its holdings in Viking by 1.7% during the 1st quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock valued at $759,000 after buying an additional 324 shares during the period. Harbour Investments Inc. raised its holdings in Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after buying an additional 346 shares during the period. Commerce Bank raised its holdings in Viking by 4.7% during the 1st quarter. Commerce Bank now owns 8,936 shares of the company's stock valued at $355,000 after buying an additional 399 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock valued at $57,000 after buying an additional 690 shares during the period. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VIK shares. Citigroup upped their target price on Viking from $57.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Jefferies Financial Group upped their target price on Viking from $45.00 to $52.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Stifel Nicolaus upped their target price on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Barclays upped their target price on Viking from $61.00 to $62.00 and gave the company an "equal weight" rating in a research note on Friday, October 3rd. Finally, Bank of America boosted their price objective on shares of Viking from $51.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $58.93.

Viking Stock Performance

Shares of VIK stock opened at $61.71 on Thursday. The firm has a market cap of $27.34 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 0.72 and a beta of 2.24. The company's 50 day moving average is $61.06 and its 200 day moving average is $52.29. 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 $31.79 and a 52-week high of $65.37.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) 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 analysts' expectations of $1.84 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. The company's revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

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.

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