Viking Holdings Ltd. $VIK Shares Bought by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in Viking Holdings Ltd. by 43.2% during Q2, now owning about 15,017 shares valued at approximately $800,000.
• Viking's latest earnings report showed an EPS of $0.99, slightly below expectations, with quarterly revenue up 18.5% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Viking, with a price target of $58.93 following various upgrades and rating changes from multiple brokerages.

US Bancorp DE raised its holdings in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 43.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,017 shares of the company's stock after purchasing an additional 4,529 shares during the period. US Bancorp DE's holdings in Viking were worth $800,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System bought a new stake in shares of Viking in the 2nd quarter valued at approximately $526,000. Knights of Columbus Asset Advisors LLC boosted its position in Viking by 51.7% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 42,404 shares of the company's stock worth $2,260,000 after acquiring an additional 14,450 shares during the period. River Street Advisors LLC acquired a new stake in shares of Viking in the second quarter valued at $853,000. OLD Second National Bank of Aurora acquired a new stake in shares of Viking in the second quarter valued at $2,527,000. Finally, Truist Financial Corp purchased a new stake in shares of Viking during the second quarter valued at $215,000. 98.84% of the stock is currently owned by institutional investors.

Viking Trading Up 0.9%

VIK stock opened at $60.72 on Friday. The business has a fifty day moving average price of $61.20 and a 200 day moving average price of $52.64. The stock has a market capitalization of $26.91 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 0.71 and a beta of 2.24. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two 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 released its earnings results on Tuesday, August 19th. The company reported $0.99 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 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 quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. Analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VIK. Barclays upped their target price on Viking from $61.00 to $62.00 and gave the company an "equal weight" rating in a report on Friday, October 3rd. Truist Financial increased their price objective on Viking from $55.00 to $59.00 and gave the company a "hold" rating in a report on Friday, September 19th. Bank of America increased their target price on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Mizuho assumed coverage on Viking in a research note on Friday, October 10th. They set an "underperform" rating and a $54.00 target price for the company. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Viking in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.