Viking Holdings Ltd. $VIK Shares Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. has increased its stake in Viking Holdings Ltd. by 6.4% in the first quarter, owning approximately 2.05% of the company, valued at $350.9 million.
• Analysts have raised their price targets for Viking shares, with Citigroup raising its target from $57.00 to $68.00 and maintaining a "buy" rating, contributing to a consensus rating of "Moderate Buy."
• The company's latest earnings report showed a net revenue increase of 18.5% year-over-year, despite missing EPS estimates slightly, with $0.99 EPS reported against a $1.00 estimate.

T. Rowe Price Investment Management Inc. increased its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,828,203 shares of the company's stock after acquiring an additional 528,843 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 2.05% of Viking worth $350,922,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Select Equity Group L.P. boosted its position in Viking by 26.9% during the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock worth $761,353,000 after acquiring an additional 3,658,225 shares during the last quarter. Two Sigma Investments LP raised its stake in Viking by 1,972.0% during the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock worth $105,092,000 after purchasing an additional 2,270,075 shares during the period. Two Sigma Advisers LP raised its stake in Viking by 4,840.2% during the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock worth $102,303,000 after purchasing an additional 2,274,900 shares during the period. Millennium Management LLC raised its stake in Viking by 580.0% during the fourth quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock worth $96,533,000 after purchasing an additional 1,868,733 shares during the period. Finally, Invesco Ltd. raised its stake in Viking by 57.8% during the first quarter. Invesco Ltd. now owns 2,114,166 shares of the company's stock worth $84,038,000 after purchasing an additional 774,265 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup increased their price target on shares of Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Morgan Stanley increased their price target on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a research note on Wednesday. Jefferies Financial Group increased their price target on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research note on Monday, July 7th. Finally, Truist Financial raised their target price on shares of Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.20.

Viking Trading Down 1.4%

Shares of VIK stock opened at $58.4150 on Thursday. The company's fifty day simple moving average is $55.61 and its 200-day simple moving average is $48.07. Viking Holdings Ltd. has a 52 week low of $30.75 and a 52 week high of $60.97. The company has a market cap of $25.89 billion, a PE ratio of 31.58, a P/E/G ratio of 0.68 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 219.34%. The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the business posted $0.89 EPS. The business's revenue was up 18.5% on a year-over-year basis. Equities research analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal 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.

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