Wellington Management Group LLP Reduces Stock Position in Viking Holdings Ltd. $VIK

Key Points

• Wellington Management Group LLP reduced its stake in Viking Holdings Ltd. by 33.7% during the 1st quarter, holding approximately $89.09 million worth of shares after selling over 1 million shares.
• Institutional investors own a significant 98.84% of Viking's stock, indicating strong institutional interest in the company.
• Viking's stock has experienced positive analyst sentiment, with multiple firms raising their price targets, resulting in a consensus rating of "Moderate Buy" and an average price target of $57.20.

Wellington Management Group LLP reduced its holdings in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 33.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,241,159 shares of the company's stock after selling 1,137,691 shares during the quarter. Wellington Management Group LLP owned approximately 0.52% of Viking worth $89,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in Viking in the first quarter valued at $33,000. Harbour Investments Inc. grew its position in Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company's stock valued at $51,000 after acquiring an additional 346 shares during the period. Quarry LP purchased a new stake in Viking during the fourth quarter valued at about $66,000. Orion Capital Management LLC purchased a new stake in Viking during the fourth quarter valued at about $110,000. Finally, Golden State Wealth Management LLC grew its position in Viking by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company's stock valued at $131,000 after acquiring an additional 1,650 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Stock Up 3.6%

Shares of NYSE VIK traded up $2.1150 on Friday, hitting $60.3850. The company had a trading volume of 4,190,068 shares, compared to its average volume of 3,023,856. Viking Holdings Ltd. has a 12-month low of $30.75 and a 12-month high of $60.97. The business has a 50 day moving average of $56.10 and a two-hundred day moving average of $48.12. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The firm has a market capitalization of $26.76 billion, a P/E ratio of 28.90, a PEG ratio of 0.71 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last issued its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The company had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the company earned $0.89 EPS. Viking's quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VIK has been the subject of a number of research reports. Truist Financial boosted their price target on Viking from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Barclays boosted their price target on Viking from $45.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Stifel Nicolaus boosted their price target on Viking from $50.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Bank of America boosted their price target on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Loop Capital reissued a "buy" rating on shares of Viking in a research report on Wednesday, May 21st. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.20.

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.