Viking Holdings Ltd. $VIK Stake Boosted by Odyssean LLC

Key Points

• Odyssean LLC increased its Viking Holdings stake by 55.3% in the second quarter to 32,226 shares valued at approximately $3.37 million. Institutional investors collectively own 98.84% of Viking’s stock.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $107.50, despite ratings ranging from “Strong Buy” to “Sell.”
• Viking exceeded quarterly expectations, reporting $1.31 in EPS and $2.19 billion in revenue, with revenue up 16.5% year over year. However, insiders sold $1.64 million of stock during the last quarter.

Odyssean LLC lifted its stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 55.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,226 shares of the company's stock after purchasing an additional 11,479 shares during the quarter. Viking comprises 0.5% of Odyssean LLC's portfolio, making the stock its 11th largest position. Odyssean LLC's holdings in Viking were worth $3,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Optimize Financial Inc grew its stake in Viking by 1.4% during the 4th quarter. Optimize Financial Inc now owns 9,635 shares of the company's stock worth $688,000 after buying an additional 136 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Viking by 18.3% during the second quarter. GAMMA Investing LLC now owns 938 shares of the company's stock valued at $98,000 after acquiring an additional 145 shares during the period. Hohimer Wealth Management LLC grew its position in shares of Viking by 1.3% during the fourth quarter. Hohimer Wealth Management LLC now owns 16,694 shares of the company's stock worth $1,192,000 after acquiring an additional 218 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Viking by 15.8% during the first quarter. PNC Financial Services Group Inc. now owns 1,869 shares of the company's stock worth $137,000 after acquiring an additional 255 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company's stock worth $29,000 after acquiring an additional 316 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Activity at Viking

In related news, EVP Richard Marnell sold 11,287 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the sale, the executive vice president owned 117,050 shares of the company's stock, valued at $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 17,566 shares of company stock worth $1,640,166 in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VIK shares. Mizuho lifted their price objective on shares of Viking from $75.00 to $82.00 and gave the company an "underperform" rating in a research report on Monday. Wall Street Zen cut shares of Viking from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Sanford C. Bernstein initiated coverage on shares of Viking in a research note on Wednesday, June 3rd. They issued an "outperform" rating and a $120.00 price target on the stock. Truist Financial raised Viking from a "hold" rating to a "buy" rating and lifted their price target for the company from $75.00 to $102.00 in a report on Friday, May 22nd. Finally, Barclays boosted their price objective on Viking from $88.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell 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 target price of $107.50.

Viking Stock Performance

Shares of VIK opened at $92.12 on Wednesday. The firm has a market capitalization of $41.06 billion, a PE ratio of 30.61, a P/E/G ratio of 1.08 and a beta of 1.50. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. The firm has a 50-day moving average price of $100.41 and a 200 day moving average price of $87.01. Viking Holdings Ltd. has a 52-week low of $56.37 and a 52-week high of $110.09.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Viking had a net margin of 19.33% and a return on equity of 117.98%. Viking's revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. On average, sell-side analysts anticipate that Viking Holdings Ltd. will post 3.19 earnings per share 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.

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