Viking Holdings Ltd (NYSE:VIK) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,856 shares of the company's stock after buying an additional 12,856 shares during the period. Squarepoint Ops LLC's holdings in Viking were worth $7,219,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VIK. Avior Wealth Management LLC boosted its stake in shares of Viking by 37.1% during 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. R Squared Ltd acquired a new stake in shares of Viking during the fourth quarter worth about $321,000. Renaissance Capital LLC boosted its stake in shares of Viking by 8.5% during the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after buying an additional 9,527 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Viking by 9.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 43,088 shares of the company's stock worth $1,898,000 after buying an additional 3,781 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Viking during the fourth quarter worth about $73,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VIK. Citigroup reiterated a "buy" rating and set a $52.00 target price (up previously from $48.00) on shares of Viking in a research note on Wednesday, May 21st. JPMorgan Chase & Co. increased their price target on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Loop Capital reissued a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Stifel Nicolaus set a $50.00 price target on shares of Viking and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group cut their price target on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Viking has a consensus rating of "Moderate Buy" and an average target price of $48.69.

Viking Trading Up 0.1%

Shares of VIK stock traded up $0.05 during trading hours on Friday, hitting $44.39. The company's stock had a trading volume of 1,278,395 shares, compared to its average volume of 2,439,717. The business has a fifty day moving average of $41.53 and a 200-day moving average of $44.57. The stock has a market cap of $19.15 billion and a price-to-earnings ratio of 36.13. Viking Holdings Ltd has a twelve month low of $29.60 and a twelve month 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 (EPS) 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. During the same quarter last year, the business posted ($1.21) EPS. The firm's revenue was up 24.9% compared to the same quarter last year. On average, equities analysts expect 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.