Massachusetts Financial Services Co. MA Sells 240,534 Shares of Viking Holdings Ltd. (NYSE:VIK)

Massachusetts Financial Services Co. MA decreased its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,658,281 shares of the company's stock after selling 240,534 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.62% of Viking worth $105,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VIK. Cerity Partners LLC raised its holdings in Viking by 1.7% during the 1st quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock worth $759,000 after buying an additional 324 shares during the period. Commerce Bank raised its holdings in Viking by 7.9% during the 4th quarter. Commerce Bank now owns 8,537 shares of the company's stock worth $376,000 after buying an additional 625 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Viking by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock worth $1,656,000 after buying an additional 1,234 shares during the period. Bessemer Group Inc. raised its holdings in Viking by 6.2% during the 4th quarter. Bessemer Group Inc. now owns 25,547 shares of the company's stock worth $1,126,000 after buying an additional 1,486 shares during the period. Finally, Quarry LP acquired a new stake in Viking during the 4th quarter worth approximately $66,000. Institutional investors own 98.84% of the company's stock.

Viking Stock Performance

VIK traded up $0.51 during trading on Thursday, reaching $57.38. 2,652,892 shares of the stock were exchanged, compared to its average volume of 2,679,490. The stock has a market cap of $25.43 billion, a P/E ratio of 46.65, a price-to-earnings-growth ratio of 0.69 and a beta of 2.38. Viking Holdings Ltd. has a twelve month low of $30.56 and a twelve month high of $57.87. The stock's 50 day moving average price is $49.53 and its two-hundred day moving average price is $46.00.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS 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 firm had revenue of $897.06 million during the quarter, compared to analysts' expectations of $841.18 million. During the same period in the previous year, the business posted ($1.21) earnings per share. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. Equities research analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of recent research reports. Stifel Nicolaus set a $50.00 price objective on shares of Viking and gave the company a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Jefferies Financial Group lifted their price objective on shares of Viking from $45.00 to $52.00 and gave the company a "hold" rating in a report on Monday, July 7th. BNP Paribas initiated coverage on shares of Viking in a report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price objective on the stock. Finally, The Goldman Sachs Group lowered their price objective on shares of Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Viking currently has an average rating of "Moderate Buy" and an average price target of $51.73.

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.