Voloridge Investment Management LLC Purchases Shares of 1,344,202 Viking Holdings Ltd (NYSE:VIK)

Voloridge Investment Management LLC purchased a new position in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,344,202 shares of the company's stock, valued at approximately $59,226,000. Voloridge Investment Management LLC owned about 0.31% of Viking as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after buying an additional 285 shares during the last quarter. Quarry LP bought a new stake in Viking during the fourth quarter worth $66,000. Golden State Wealth Management LLC purchased a new position in Viking in the fourth quarter worth $73,000. New York State Common Retirement Fund bought a new position in Viking in the 4th quarter valued at $119,000. Finally, Rhumbline Advisers purchased a new stake in shares of Viking during the 4th quarter valued at $130,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Trading Up 1.4%

Shares of NYSE:VIK traded up $0.62 on Monday, reaching $43.79. 2,763,811 shares of the company traded hands, compared to its average volume of 2,401,945. The stock has a market capitalization of $18.89 billion and a P/E ratio of 35.60. The business's 50-day simple moving average is $41.21 and its 200 day simple moving average is $44.57. Viking Holdings Ltd has a 52 week low of $28.89 and a 52 week high of $53.14.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to the consensus estimate of $841.18 million. Viking's revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.21) earnings per share. Sell-side analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VIK. UBS Group boosted their price target on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Citigroup reaffirmed a "buy" rating and issued a $52.00 price objective (up previously from $48.00) on shares of Viking in a research report on Wednesday, May 21st. The Goldman Sachs Group reduced their target price on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Barclays decreased their price target on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus set a $50.00 price objective on Viking and gave the company a "buy" rating in a report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $47.53.

Viking 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.