Viking Holdings Ltd. $VIK Shares Acquired by Tidal Investments LLC

Key Points

• Tidal Investments increased its Viking Holdings stake by 223% in the second quarter, owning 29,166 shares valued at approximately $3.05 million. Institutional investors and hedge funds collectively own 98.84% of the company.
• Wall Street remains broadly positive, with 16 analysts rating Viking a Buy, two rating it Hold and one rating it Sell. The stock has a consensus rating of “Moderate Buy” and an average price target of $107.33.
• Viking surpassed quarterly expectations, reporting adjusted earnings of $1.31 per share versus the $1.26 consensus and revenue of $2.19 billion, up 16.5% year over year. Shares opened at $85.05, down 1.6%.

Tidal Investments LLC increased its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 223.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,166 shares of the company's stock after buying an additional 20,137 shares during the period. Tidal Investments LLC's holdings in Viking were worth $3,053,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Viking by 654.3% during the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company's stock valued at $644,556,000 after acquiring an additional 5,341,580 shares during the last quarter. Norges Bank bought a new stake in shares of Viking in the 4th quarter worth about $372,297,000. Bank of America Corp DE increased its position in shares of Viking by 41.0% in the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company's stock worth $163,661,000 after purchasing an additional 647,606 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Viking by 406.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,844,499 shares of the company's stock valued at $131,716,000 after purchasing an additional 1,480,604 shares in the last quarter. Finally, Evercore Wealth Management LLC raised its stake in shares of Viking by 0.9% in the 1st quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company's stock valued at $122,874,000 after purchasing an additional 14,465 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VIK. The Goldman Sachs Group increased their price target on shares of Viking from $108.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. BMO Capital Markets reissued an "outperform" rating on shares of Viking in a report on Wednesday, August 26th. BNP Paribas Exane restated an "outperform" rating and set a $121.00 price objective (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Stifel Nicolaus reduced their target price on Viking from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Finally, Loop Capital started coverage on Viking in a report on Monday, June 1st. They issued a "buy" rating and a $108.00 price target for the company. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Viking currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.33.

Viking Trading Down 1.6%

NYSE VIK opened at $85.05 on Wednesday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. Viking Holdings Ltd. has a one year low of $56.37 and a one year high of $110.09. The company has a 50-day simple moving average of $96.10 and a 200-day simple moving average of $88.04. The firm has a market capitalization of $37.91 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.02 and a beta of 1.41.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. Viking's quarterly revenue was up 16.5% on a year-over-year basis. On average, equities analysts forecast that Viking Holdings Ltd. will post 3.2 earnings per share for the current year.

Insider Buying and Selling at Viking

In other news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the sale, the executive vice president directly owned 585,571 shares in the company, valued at approximately $50,107,310.47. This represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Viking Company Profile

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking's river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.

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