Viking Holdings Ltd. $VIK Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 41.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,817 shares of the company's stock after buying an additional 20,749 shares during the quarter. Dimensional Fund Advisors LP's holdings in Viking were worth $5,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in VIK. Newbridge Financial Services Group Inc. bought a new stake in shares of Viking during the 3rd quarter worth about $26,000. Activest Wealth Management boosted its holdings in Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company's stock valued at $28,000 after acquiring an additional 390 shares during the period. Bank of Jackson Hole Trust bought a new stake in Viking during the fourth quarter valued at about $28,000. Cornerstone Planning Group LLC grew its position in shares of Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company's stock valued at $29,000 after purchasing an additional 316 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in shares of Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company's stock valued at $30,000 after purchasing an additional 365 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Transactions at Viking

In other news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the completion of the transaction, the executive vice president directly owned 117,050 shares of the company's stock, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 17,566 shares of company stock valued at $1,640,166 over the last three months.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VIK shares. Sanford C. Bernstein assumed coverage on Viking in a research report on Wednesday, June 3rd. They set an "outperform" rating and a $120.00 price objective for the company. Mizuho raised their target price on Viking from $69.00 to $75.00 and gave the company an "underperform" rating in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on Viking from $87.00 to $104.00 and gave the stock an "overweight" rating in a research report on Monday, April 27th. UBS Group reiterated a "buy" rating and set a $100.00 price target on shares of Viking in a report on Wednesday, May 27th. Finally, Wells Fargo & Company increased their price objective on Viking from $109.00 to $128.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $105.11.

Viking Stock Performance

Shares of NYSE VIK opened at $101.36 on Wednesday. The firm has a market capitalization of $45.17 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 1.19 and a beta of 1.50. Viking Holdings Ltd. has a one year low of $56.06 and a one year high of $110.09. The business has a fifty day simple moving average of $99.33 and a 200 day simple moving average of $85.27. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned ($0.24) earnings per share. The business's revenue was up 17.5% compared to the same quarter last year. Sell-side analysts expect that Viking Holdings Ltd. will post 3.32 EPS for the current year.

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.

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