Tpg Gp A LLC Has $852.20 Million Position in Viking Holdings Ltd. $VIK

Key Points

• Tpg Gp A LLC has sold 11,419,095 shares of Viking Holdings Ltd., reducing its stake by 34.8% while still holding 21,438,949 shares.
• Viking's latest quarterly earnings report revealed an EPS of $0.99, which was below the expected $1.00, although revenues rose 18.5% year-over-year.
• Research analysts have mixed ratings for Viking, with a consensus rating of "Moderate Buy" and a target price around $57.60.

TPG GP A LLC cut its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 34.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,438,949 shares of the company's stock after selling 11,419,095 shares during the quarter. Viking makes up approximately 16.8% of TPG GP A LLC's investment portfolio, making the stock its 3rd largest holding. TPG GP A LLC owned approximately 4.97% of Viking worth $852,198,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VIK. Costello Asset Management INC bought a new position in shares of Viking in the first quarter valued at about $33,000. Harbour Investments Inc. raised its position in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after purchasing an additional 346 shares during the period. Orion Capital Management LLC bought a new position in shares of Viking in the fourth quarter valued at about $110,000. Golden State Wealth Management LLC raised its position in shares of Viking by 100.0% in 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 during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Viking by 2,135.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock valued at $176,000 after purchasing an additional 3,822 shares during the period. 98.84% of the stock is owned by institutional investors.

Viking Price Performance

Shares of VIK traded down $0.21 during mid-day trading on Wednesday, reaching $62.25. The company had a trading volume of 1,517,156 shares, compared to its average volume of 2,771,672. The company's 50 day simple moving average is $58.20 and its 200 day simple moving average is $48.77. Viking Holdings Ltd. has a 1-year low of $30.75 and a 1-year high of $64.11. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64. The company has a market capitalization of $27.58 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 0.75 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 quarter in the previous year, the business posted $0.89 earnings per share. The company's revenue for the quarter was up 18.5% on a year-over-year basis. Analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

VIK has been the topic of a number of recent research reports. Loop Capital reaffirmed a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Citigroup raised their price target on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Jefferies Financial Group raised their price target on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Stifel Nicolaus raised their price target on shares of Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, UBS Group raised their price target on shares of Viking from $55.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.