Twinbeech Capital LP Invests $363,000 in Viking Holdings Ltd (NYSE:VIK)

Twinbeech Capital LP bought a new position in 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 firm bought 8,237 shares of the company's stock, valued at approximately $363,000.

Several other large investors also recently modified their holdings of VIK. Avior Wealth Management LLC boosted its position in Viking by 37.1% during the 4th 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. Quarry LP bought a new stake in Viking during the 4th quarter valued at approximately $66,000. Golden State Wealth Management LLC bought a new stake in Viking during the 4th quarter valued at approximately $73,000. New York State Common Retirement Fund bought a new stake in Viking during the 4th quarter valued at approximately $119,000. Finally, Rhumbline Advisers bought a new stake in Viking during the 4th quarter valued at approximately $130,000. 98.84% of the stock is owned by institutional investors.

Viking Stock Down 1.2%

VIK traded down $0.53 during mid-day trading on Wednesday, reaching $44.39. 6,150,941 shares of the company traded hands, compared to its average volume of 2,421,656. The stock has a market capitalization of $19.15 billion and a P/E ratio of 36.00. The company's fifty day moving average price is $41.39 and its 200-day moving average price is $44.57. Viking Holdings Ltd has a 52-week low of $28.89 and a 52-week high of $53.14.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share 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. Viking's quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.21) earnings per share. As a group, sell-side analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VIK has been the topic of several research reports. Truist Financial lifted their price objective on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. The Goldman Sachs Group dropped their price target on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Loop Capital reissued a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Barclays dropped their price target on Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group began coverage on Viking in a research report on Monday, March 31st. They issued a "hold" rating and a $45.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Viking has a consensus rating of "Moderate Buy" and an average price target of $47.53.

Viking Company 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.