Viking Holdings Ltd. $VIK Stake Raised by Colonial Trust Advisors

Key Points

• Colonial Trust Advisors increased its stake in Viking Holdings by an unprecedented 9,369.1%, acquiring a total of 61,549 shares valued at approximately $2.45 million.
• Several analysts have raised their price targets for Viking Holdings, with Citigroup increasing theirs from $57.00 to $68.00, while Stifel Nicolaus set a target of $75.00.
• Viking reported a quarterly revenue of $897.06 million, exceeding estimates and reflecting a 24.9% year-over-year growth, despite a net loss of ($0.24) EPS.

Colonial Trust Advisors grew its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 9,369.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,549 shares of the company's stock after buying an additional 60,899 shares during the period. Colonial Trust Advisors' holdings in Viking were worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC bought a new stake in Viking during the 4th quarter valued at $3,206,000. Wells Fargo & Company MN raised its stake in shares of Viking by 16.8% during the fourth quarter. Wells Fargo & Company MN now owns 82,602 shares of the company's stock valued at $3,639,000 after purchasing an additional 11,891 shares in the last quarter. Barclays PLC raised its stake in shares of Viking by 134,156.0% during the fourth quarter. Barclays PLC now owns 67,128 shares of the company's stock valued at $2,958,000 after purchasing an additional 67,078 shares in the last quarter. Commerce Bank raised its position in shares of Viking by 7.9% during the 4th quarter. Commerce Bank now owns 8,537 shares of the company's stock worth $376,000 after buying an additional 625 shares in the last quarter. Finally, Natixis bought a new stake in shares of Viking during the 4th quarter worth about $687,000. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on VIK. Citigroup boosted their target price on Viking from $57.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Stifel Nicolaus boosted their price objective on Viking from $50.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Jefferies Financial Group boosted their price target on shares of Viking from $45.00 to $52.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Northcoast Research assumed coverage on shares of Viking in a research report on Friday, April 25th. They issued a "buy" rating and a $51.00 price target on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Viking Price Performance

VIK stock opened at $60.49 on Tuesday. Viking Holdings Ltd. has a 52-week low of $30.75 and a 52-week high of $60.97. The company's 50 day simple moving average is $55.18 and its 200-day simple moving average is $47.92. The firm has a market capitalization of $26.80 billion, a P/E ratio of 49.18, a P/E/G ratio of 0.70 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The company had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. During the same period in the previous year, the business earned ($1.21) EPS. The company's revenue was up 24.9% on a year-over-year basis. Sell-side analysts predict 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.

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