ThornTree Capital Partners LP Sells 18,151 Shares of Viking Holdings Ltd. $VIK

Key Points

• ThornTree Capital Partners has reduced its stake in Viking Holdings Ltd. by 1.9%, now holding approximately 959,057 shares, which represent 8.4% of its portfolio.
• Several institutional investors, including Select Equity Group and Two Sigma Advisers, significantly increased their holdings in Viking in the fourth quarter, with Two Sigma Advisers raising its stake by over 4,840%.
• Analysts maintain a positive outlook on Viking, with nine analysts rating it as a Buy and a consensus target price of $58.93, despite the company missing earnings estimates in its latest quarterly report.

ThornTree Capital Partners LP decreased its position in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 959,057 shares of the company's stock after selling 18,151 shares during the quarter. Viking comprises about 8.4% of ThornTree Capital Partners LP's investment portfolio, making the stock its 2nd largest holding. ThornTree Capital Partners LP owned about 0.22% of Viking worth $38,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of VIK. Cerity Partners LLC lifted its holdings in Viking by 1.7% in the first quarter. Cerity Partners LLC now owns 19,105 shares of the company's stock worth $759,000 after purchasing an additional 324 shares during the period. Harbour Investments Inc. lifted its holdings in Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock worth $51,000 after purchasing an additional 346 shares during the period. Commerce Bank lifted its holdings in Viking by 4.7% in the first quarter. Commerce Bank now owns 8,936 shares of the company's stock worth $355,000 after purchasing an additional 399 shares during the period. NewEdge Advisors LLC lifted its holdings in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company's stock worth $57,000 after purchasing an additional 690 shares during the period. Finally, Costello Asset Management INC acquired a new stake in Viking in the first quarter worth about $33,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Trading Down 2.5%

VIK traded down $1.66 during trading on Friday, reaching $63.66. The company had a trading volume of 462,553 shares, compared to its average volume of 3,099,098. The firm's 50-day simple moving average is $59.38 and its 200 day simple moving average is $49.32. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 0.74 and a beta of 2.40. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $65.37. The company has a debt-to-equity ratio of 19.33, a quick ratio of 0.62 and a current ratio of 0.64.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.01). The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.84 billion. Viking had a net margin of 13.99% and a negative return on equity of 374.71%. Viking's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 earnings per share. Equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

VIK has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of Viking from $62.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of Viking from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Loop Capital reiterated a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price target on shares of Viking from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Jefferies Financial Group lifted their price objective 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. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $58.93.

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.