Viking Holdings Ltd. $VIK Position Boosted by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. has increased its stake in Viking Holdings Ltd. (NYSE:VIK) by 8.0%, making it the firm's 7th largest position, holding approximately 18.6 million shares valued at around $741.6 million.
• Several analysts have given Viking a mix of ratings, with nine categorizing it as a "Buy" and five as "Hold," while Citigroup and JPMorgan Chase & Co. both raised their price targets for the stock to around $61.00 - $68.00.
• Viking reported $0.99 EPS, falling short of expectations, but showed strong revenue growth of 18.5% year-over-year, totaling $1.88 billion for the quarter.

Select Equity Group L.P. lifted its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 8.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,656,810 shares of the company's stock after buying an additional 1,376,899 shares during the quarter. Viking comprises 3.2% of Select Equity Group L.P.'s holdings, making the stock its 7th biggest position. Select Equity Group L.P. owned 4.32% of Viking worth $741,608,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in Viking during the first quarter worth about $33,000. Harbour Investments Inc. grew its stake in Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after buying an additional 346 shares in the last quarter. NewEdge Advisors LLC grew its stake in Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock worth $57,000 after buying an additional 690 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Viking during the 4th quarter worth $110,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Viking by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock worth $131,000 after buying an additional 1,650 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VIK shares. Wall Street Zen lowered Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Stifel Nicolaus raised their price objective on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Bank of America raised their price objective on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Loop Capital reissued a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Finally, Barclays lifted their price target on Viking from $55.00 to $61.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $58.93.

Viking Stock Performance

Shares of Viking stock traded down $1.70 on Friday, reaching $63.63. 424,261 shares of the company traded hands, compared to its average volume of 3,098,984. The company has a 50 day moving average of $59.38 and a 200 day moving average of $49.32. The firm has a market capitalization of $28.19 billion, a PE ratio of 34.41, a PEG ratio of 0.74 and a beta of 2.40. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $65.37. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.01). The firm had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The firm's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. Equities analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current 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.