BNP Paribas Financial Markets Has $28.17 Million Position in Viking Holdings Ltd. $VIK

Key Points

• BNP Paribas Financial Markets increased its stake in Viking Holdings Ltd. by 35.6% in Q1, now holding approximately 0.16% of the company's shares valued at $28.17 million.
• Institutional investors and hedge funds own 98.84% of Viking's stock, indicating high institutional confidence in the company.
• Viking reported $0.99 earnings per share for Q1, slightly missing analyst expectations, but showed an 18.5% increase in revenue compared to the previous year.

BNP Paribas Financial Markets increased its position in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 708,784 shares of the company's stock after purchasing an additional 186,195 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.16% of Viking worth $28,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIK. Tower Research Capital LLC TRC lifted its position in Viking by 2,135.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock worth $176,000 after purchasing an additional 3,822 shares during the period. Stifel Financial Corp lifted its holdings in shares of Viking by 271.2% during the fourth quarter. Stifel Financial Corp now owns 46,135 shares of the company's stock valued at $2,033,000 after acquiring an additional 33,707 shares during the period. Hsbc Holdings PLC bought a new position in shares of Viking during the fourth quarter valued at $567,000. Integrated Wealth Concepts LLC bought a new position in shares of Viking during the fourth quarter valued at $202,000. Finally, Northern Trust Corp bought a new position in shares of Viking during the fourth quarter valued at $1,063,000. 98.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VIK shares. Citigroup lifted their price objective on Viking from $57.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Bank of America lifted their price objective on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Truist Financial lifted their price target on Viking from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, July 21st. Loop Capital reaffirmed a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price target on Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.93.

Viking Trading Up 1.5%

VIK stock traded up $0.91 during midday trading on Thursday, reaching $63.30. The stock had a trading volume of 1,812,494 shares, compared to its average volume of 3,150,393. The firm has a market cap of $28.05 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 0.75 and a beta of 2.40. Viking Holdings Ltd. has a twelve month low of $30.75 and a twelve month high of $64.11. The business has a fifty day simple moving average of $58.20 and a two-hundred day simple moving average of $48.77. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33.

Viking (NYSE:VIK - Get Free Report) last posted 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 company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.Viking's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, research analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal 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.