Viking Holdings Ltd. $VIK Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC has reduced its stake in Viking Holdings Ltd. by 33.6%, owning 160,616 shares worth approximately $6.38 million after selling 81,177 shares in the first quarter.
• Analysts are optimistic about Viking's future, with many raising their price targets; for instance, Citigroup increased its target from $57.00 to $68.00 and maintained a "buy" rating.
• Despite missing earnings estimates with an EPS of $0.99 compared to the $1.00 consensus, Viking reported a 18.5% revenue growth year-over-year, bringing in $1.88 billion for the quarter.

Jump Financial LLC cut its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 33.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 160,616 shares of the company's stock after selling 81,177 shares during the quarter. Jump Financial LLC's holdings in Viking were worth $6,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VIK. Hsbc Holdings PLC acquired a new position in shares of Viking in the 4th quarter valued at $567,000. Barclays PLC increased its position in shares of Viking by 134,156.0% during the 4th quarter. Barclays PLC now owns 67,128 shares of the company's stock worth $2,958,000 after purchasing an additional 67,078 shares during the last quarter. Fortress Investment Group LLC acquired a new stake in shares of Viking during the 4th quarter worth about $1,322,000. GCM Grosvenor Holdings LLC increased its position in shares of Viking by 233.7% during the 4th quarter. GCM Grosvenor Holdings LLC now owns 317,000 shares of the company's stock worth $13,967,000 after purchasing an additional 222,009 shares during the last quarter. Finally, Interval Partners LP acquired a new stake in shares of Viking during the 4th quarter worth about $13,191,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Stock Up 1.9%

Shares of NYSE VIK traded up $1.20 during mid-day trading on Wednesday, hitting $62.96. The company had a trading volume of 2,143,253 shares, compared to its average volume of 2,902,804. The company has a market capitalization of $27.90 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 0.73 and a beta of 2.40. 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 Holdings Ltd. has a 1-year low of $30.75 and a 1-year high of $63.05. The business's 50-day simple moving average is $56.90 and its 200 day simple moving average is $48.37.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm's revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. On average, analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

VIK has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Truist Financial raised their price objective on Viking from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Stifel Nicolaus lifted 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. Finally, Wall Street Zen cut Viking from a "buy" rating to a "hold" rating in a research note on Friday, August 22nd. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Viking has a consensus rating of "Moderate Buy" and an average price target of $57.20.

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.