Two Sigma Investments LP Purchases 2,270,075 Shares of Viking Holdings Ltd (NYSE:VIK)

Two Sigma Investments LP boosted its position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 1,972.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,385,193 shares of the company's stock after acquiring an additional 2,270,075 shares during the period. Two Sigma Investments LP owned approximately 0.55% of Viking worth $105,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VIK. Select Equity Group L.P. grew its stake in shares of Viking by 26.9% in the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after purchasing an additional 3,658,225 shares during the period. Capital Research Global Investors grew its stake in shares of Viking by 26.0% in the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after purchasing an additional 2,492,724 shares during the period. Norges Bank bought a new stake in shares of Viking in the 4th quarter valued at approximately $245,038,000. Millennium Management LLC grew its stake in shares of Viking by 580.0% in the 4th quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock valued at $96,533,000 after purchasing an additional 1,868,733 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Viking by 150.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company's stock valued at $92,319,000 after purchasing an additional 1,258,005 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Performance

NYSE:VIK opened at $48.37 on Monday. The stock's fifty day moving average price is $40.80 and its two-hundred day moving average price is $44.47. Viking Holdings Ltd has a 52-week low of $28.62 and a 52-week high of $53.14. The company has a market cap of $20.87 billion and a price-to-earnings ratio of 186.05.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The firm's revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on VIK. Jefferies Financial Group began coverage on Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 price objective on the stock. Truist Financial upped their price objective on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. The Goldman Sachs Group lowered their price objective on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. UBS Group upped their price objective on Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. Finally, Barclays lowered their price objective on Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Viking has an average rating of "Moderate Buy" and an average target price of $46.89.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.