Baldwin Investment Management LLC Boosts Holdings in Viking Holdings Ltd. (NYSE:VIK)

Key Points

• Baldwin Investment Management LLC increased its stake in Viking Holdings Ltd. by 19.6% in the first quarter, owning 26,455 shares valued at approximately $1.05 million.
• Viking reported a quarterly revenue of $897.06 million, surpassing estimates and showing a 24.9% year-over-year increase, with earnings per share of ($0.24).
• Analysts have set a new average price target of $53.33 for Viking, with the stock receiving a consensus rating of "Moderate Buy" from 16 research analysts.

Baldwin Investment Management LLC boosted its stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 19.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,455 shares of the company's stock after acquiring an additional 4,340 shares during the period. Baldwin Investment Management LLC's holdings in Viking were worth $1,052,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Viking by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock worth $1,656,000 after acquiring an additional 1,234 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Viking by 111.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company's stock worth $727,000 after acquiring an additional 8,693 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Viking by 23.9% in the 4th quarter. LPL Financial LLC now owns 43,898 shares of the company's stock worth $1,934,000 after acquiring an additional 8,456 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Viking by 883.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after buying an additional 1,070,589 shares in the last quarter. Finally, Norges Bank bought a new stake in Viking during the 4th quarter valued at about $245,038,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Trading Up 0.2%

NYSE:VIK traded up $0.11 during mid-day trading on Thursday, hitting $59.14. The stock had a trading volume of 1,272,849 shares, compared to its average volume of 3,214,526. The stock has a 50-day simple moving average of $51.48 and a two-hundred day simple moving average of $46.84. The company has a market capitalization of $26.21 billion, a PE ratio of 48.02, a PEG ratio of 0.68 and a beta of 2.38. Viking Holdings Ltd. has a twelve month low of $30.56 and a twelve month high of $59.97.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data 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. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The company had revenue of $897.06 million for the quarter, compared to analysts' expectations of $841.18 million. During the same quarter last year, the company earned ($1.21) earnings per share. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Morgan Stanley cut their target price on shares of Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Truist Financial lifted their target price on shares of Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Finally, Jefferies Financial Group lifted their target price on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.33.

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.