Virtus Wealth Solutions LLC Takes Position in Viking Holdings Ltd. $VIK

Key Points

• Virtus Wealth Solutions LLC opened a new position in Viking by acquiring 15,000 shares (~$1.07M) in Q4, and institutional ownership is very high at 98.84% with major inflows from Federated Hermes, MFS, Invesco, Dream Peak and State Street.
• EVP Jeffrey Dash sold 46,369 shares at an average price of $80.23 on April 14, reducing his stake by 9.94% to 420,022 shares (≈$33.7M).
• Viking trades near $81.70 (1‑year range $38.50–$87.00) with a market cap of about $36.4B and a P/E of 31.8; analysts assign a Moderate Buy consensus with an average target of $82 (11 Buy / 3 Hold / 2 Sell).

Virtus Wealth Solutions LLC acquired a new stake in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,000 shares of the company's stock, valued at approximately $1,071,000.

Several other institutional investors also recently bought and sold shares of the stock. Federated Hermes Inc. increased its holdings in shares of Viking by 381.8% during the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company's stock valued at $526,792,000 after acquiring an additional 6,715,666 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company's stock worth $504,601,000 after purchasing an additional 3,615,969 shares during the period. Invesco Ltd. lifted its position in shares of Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company's stock worth $873,246,000 after purchasing an additional 3,471,244 shares during the last quarter. Dream Peak Capital Ltd bought a new stake in shares of Viking in the fourth quarter valued at approximately $223,744,000. Finally, State Street Corp raised its holdings in Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company's stock valued at $96,568,000 after acquiring an additional 1,806,920 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Viking Price Performance

Shares of VIK opened at $81.70 on Friday. Viking Holdings Ltd. has a 1-year low of $38.50 and a 1-year high of $87.00. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The company has a market cap of $36.41 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.49 and a beta of 1.90. The company's fifty day simple moving average is $75.49 and its 200 day simple moving average is $69.96.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The company had revenue of $1.72 billion during the quarter. On average, research analysts forecast that Viking Holdings Ltd. will post 3.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

VIK has been the topic of several research analyst reports. Rothschild & Co Redburn set a $95.00 target price on Viking and gave the stock a "buy" rating in a report on Tuesday, April 14th. Wells Fargo & Company raised their price objective on shares of Viking from $78.00 to $79.00 and gave the company a "cautious" rating in a research report on Wednesday, April 15th. Mizuho upped their target price on shares of Viking from $59.00 to $69.00 and gave the stock an "underperform" rating in a research report on Thursday, March 5th. Wall Street Zen raised shares of Viking from a "hold" rating to a "buy" rating in a report on Tuesday. Finally, UBS Group upped their price objective on Viking from $79.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, March 11th. Eleven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Viking currently has an average rating of "Moderate Buy" and an average target price of $82.00.

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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