TD Waterhouse Canada Inc. Raises Holdings in Viking Holdings Ltd. $VIK

Key Points

• TD Waterhouse Canada increased its Viking Holdings stake by 2,876.1% in the second quarter, bringing its holdings to 23,809 shares worth approximately $2.43 million. Institutional investors collectively own 98.84% of Viking’s stock.
• Viking reported quarterly earnings of $1.31 per share, beating estimates of $1.26, while revenue rose 16.5% year over year to $2.19 billion, above expectations.
• Analyst sentiment remains broadly positive, with 16 Buy ratings, two Holds and one Sell; the stock has a “Moderate Buy” consensus and an average price target of $107.33.

TD Waterhouse Canada Inc. boosted its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 2,876.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,809 shares of the company's stock after acquiring an additional 23,009 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Viking were worth $2,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position in Viking by 654.3% during the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company's stock worth $644,556,000 after purchasing an additional 5,341,580 shares in the last quarter. Norges Bank purchased a new stake in Viking during the fourth quarter worth approximately $372,297,000. Invesco Ltd. increased its position in shares of Viking by 32.8% in the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company's stock worth $873,246,000 after acquiring an additional 3,471,244 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Viking by 316.8% in the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company's stock worth $316,082,000 after acquiring an additional 3,364,265 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company's stock valued at $96,568,000 after acquiring an additional 1,806,920 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Richard Marnell sold 11,287 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the transaction, the executive vice president owned 117,050 shares in the company, valued at $10,868,092.50. The trade was a 8.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 17,566 shares of company stock valued at $1,640,166 in the last three months.

Analyst Upgrades and Downgrades

VIK has been the subject of several recent research reports. Mizuho increased their price target on Viking from $75.00 to $82.00 and gave the company an "underperform" rating in a report on Monday, August 24th. Weiss Ratings raised Viking from a "hold (c)" rating to a "buy (b-)" rating in a research report on Thursday, August 27th. BNP Paribas Exane reissued an "outperform" rating and set a $121.00 price target (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. Wall Street Zen cut Viking from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Finally, Wells Fargo & Company upped their target price on shares of Viking from $109.00 to $128.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $107.33.

Viking Stock Performance

Shares of VIK stock opened at $85.69 on Tuesday. The stock has a market capitalization of $38.19 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.01 and a beta of 1.41. Viking Holdings Ltd. has a one year low of $56.37 and a one year high of $110.09. The company's 50-day simple moving average is $97.97 and its 200-day simple moving average is $87.72. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company earned $0.99 earnings per share. Viking's quarterly revenue was up 16.5% on a year-over-year basis. Equities analysts anticipate that Viking Holdings Ltd. will post 3.2 earnings per share 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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