ThornTree Capital Partners LP Sells 109,114 Shares of Viking Holdings Ltd (NYSE:VIK)

ThornTree Capital Partners LP cut its position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 977,208 shares of the company's stock after selling 109,114 shares during the period. Viking makes up 5.6% of ThornTree Capital Partners LP's portfolio, making the stock its 4th largest holding. ThornTree Capital Partners LP owned about 0.23% of Viking worth $43,056,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VIK. Avior Wealth Management LLC raised its holdings in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after purchasing an additional 285 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Viking by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company's stock valued at $408,000 after acquiring an additional 491 shares during the last quarter. Commerce Bank boosted its holdings in shares of Viking by 7.9% in the 4th quarter. Commerce Bank now owns 8,537 shares of the company's stock valued at $376,000 after acquiring an additional 625 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock valued at $916,000 after acquiring an additional 700 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its holdings in Viking by 7.2% during 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 in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Viking from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group assumed coverage on shares of Viking in a research report on Monday, March 31st. They issued a "hold" rating and a $45.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group upped their price objective on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Finally, Redburn Atlantic raised shares of Viking to a "hold" rating in a report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.94.

Viking Trading Down 3.5%

NYSE VIK traded down $1.58 during trading on Wednesday, reaching $43.15. 3,704,625 shares of the company's stock were exchanged, compared to its average volume of 2,388,425. Viking Holdings Ltd has a fifty-two week low of $28.67 and a fifty-two week high of $53.14. The firm has a market capitalization of $18.62 billion and a PE ratio of 165.97. The company's fifty day simple moving average is $41.09 and its 200-day simple moving average is $44.51.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company had revenue of $897.06 million during the quarter, compared to analyst estimates of $841.18 million. The firm's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.21) earnings per share. Equities analysts forecast that Viking Holdings Ltd will post 1.49 EPS 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.