LPL Financial LLC Buys 6,841 Shares of Viking Holdings Ltd. $VIK

Key Points

• LPL Financial LLC increased its holdings in Viking Holdings Ltd. by 15.6%, owning a total of 50,739 shares worth approximately $2,017,000 as of its latest filing.
• Viking received various analysts' ratings, with forecasts indicating a consensus price target of $55.00 and a majority of analysts recommending a Buy rating.
• Despite reporting earnings per share (EPS) of $0.99 for the quarter, Viking missed analyst estimates of $1.00, while achieving a revenue of $1.88 billion, up 18.5% from the previous year.

LPL Financial LLC increased its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,739 shares of the company's stock after purchasing an additional 6,841 shares during the period. LPL Financial LLC's holdings in Viking were worth $2,017,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VIK. Quarry LP bought a new stake in shares of Viking in the 4th quarter worth $66,000. Orion Capital Management LLC purchased a new position in shares of Viking during the fourth quarter valued at $110,000. Golden State Wealth Management LLC grew its holdings in shares of Viking by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after buying an additional 1,650 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Viking by 2,135.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,001 shares of the company's stock valued at $176,000 after buying an additional 3,822 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Viking during the fourth quarter valued at $194,000. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America lifted their price target on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Barclays boosted their target price on Viking from $45.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Stifel Nicolaus boosted their target price on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Viking from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. Finally, Truist Financial boosted their target price on Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Viking currently has a consensus rating of "Moderate Buy" and an average target price of $57.20.

Viking Trading Up 3.6%

Viking stock traded up $2.1150 during mid-day trading on Friday, hitting $60.3850. 4,190,066 shares of the company's stock were exchanged, compared to its average volume of 3,211,362. The company's 50 day simple moving average is $55.82 and its 200-day simple moving average is $48.12. Viking Holdings Ltd. has a fifty-two week low of $30.75 and a fifty-two week high of $60.97. The firm has a market capitalization of $26.76 billion, a P/E ratio of 32.64, a PEG ratio of 0.68 and a beta of 2.40. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 19.33.

Viking (NYSE:VIK - Get Free Report) last released its quarterly 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 analyst estimates of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The business's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. On average, equities analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

About Viking

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.