Tpg Gp A LLC Has $1.45 Billion Holdings in Viking Holdings Ltd (NYSE:VIK)

TPG GP A LLC cut its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 10.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,858,044 shares of the company's stock after selling 3,752,545 shares during the period. Viking accounts for approximately 23.4% of TPG GP A LLC's holdings, making the stock its biggest holding. TPG GP A LLC owned approximately 7.62% of Viking worth $1,447,725,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in VIK. Merit Financial Group LLC boosted its position in Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company's stock worth $916,000 after purchasing an additional 700 shares during the period. Diversify Wealth Management LLC boosted its position in Viking by 3.5% during the 4th quarter. Diversify Wealth Management LLC now owns 58,416 shares of the company's stock worth $2,552,000 after purchasing an additional 1,960 shares during the period. Simon Quick Advisors LLC boosted its position in Viking by 7.2% during the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company's stock worth $767,000 after purchasing an additional 1,165 shares during the period. SG Americas Securities LLC boosted its position in Viking by 6,693.7% during the 4th quarter. SG Americas Securities LLC now owns 352,659 shares of the company's stock worth $15,538,000 after purchasing an additional 347,468 shares during the period. Finally, Avior Wealth Management LLC boosted its position in Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after purchasing an additional 285 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VIK has been the subject of a number of research reports. Northcoast Research initiated coverage on shares of Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 price target for the company. Loop Capital reaffirmed a "buy" rating on shares of Viking in a research report on Wednesday. Truist Financial upped their price objective on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. Wall Street Zen raised shares of Viking from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, 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 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.53.

Viking Stock Performance

Shares of Viking stock traded up $0.62 during trading on Friday, reaching $43.79. The company had a trading volume of 2,763,811 shares, compared to its average volume of 2,397,703. The company has a market cap of $18.89 billion and a price-to-earnings ratio of 168.42. The firm's fifty day moving average is $41.21 and its 200-day moving average is $44.55. Viking Holdings Ltd has a fifty-two week low of $28.71 and a fifty-two week high of $53.14.

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 the consensus estimate of ($0.26) by $0.02. The business had revenue of $897.06 million for the quarter, compared to analyst estimates of $841.18 million. Viking's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned ($1.21) EPS. On average, research analysts anticipate that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Viking 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.