8,237 Shares in Viking Holdings Ltd (NYSE:VIK) Bought by Twinbeech Capital LP

Twinbeech Capital LP bought a new stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,237 shares of the company's stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VIK. Avior Wealth Management LLC boosted its holdings in shares of Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after buying an additional 285 shares during the period. CIBC Asset Management Inc raised its stake in Viking by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock valued at $408,000 after purchasing an additional 491 shares during the period. Commerce Bank lifted its holdings in shares of Viking by 7.9% in the fourth quarter. Commerce Bank now owns 8,537 shares of the company's stock valued at $376,000 after purchasing an additional 625 shares in the last quarter. Simon Quick Advisors LLC boosted its position in shares of Viking by 7.2% in the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock worth $767,000 after buying an additional 1,165 shares during the period. Finally, 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 in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Melius Research set a $51.00 price objective on shares of Viking in a research report on Monday, April 21st. BNP Paribas began coverage on shares of Viking in a research report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Viking in a research note on Monday, March 31st. They set a "hold" rating and a $45.00 target price for the company. Finally, Wall Street Zen upgraded Viking from a "buy" rating to a "strong-buy" rating in a report on Saturday. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.53.

Viking Stock Performance

Shares of Viking stock traded up $0.95 on Tuesday, reaching $44.72. The stock had a trading volume of 1,959,451 shares, compared to its average volume of 2,400,600. The business's 50-day moving average price is $41.28 and its two-hundred day moving average price is $44.57. The stock has a market cap of $19.29 billion and a P/E ratio of 36.37. Viking Holdings Ltd has a fifty-two week low of $28.89 and a fifty-two week high of $53.14.

Viking (NYSE:VIK - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.02. The firm had revenue of $897.06 million for the quarter, compared to analyst estimates of $841.18 million. The firm's revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.21) EPS. As a group, equities analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

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.