Westend Capital Management LLC raised its holdings in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 270,964 shares of the company's stock after purchasing an additional 5,115 shares during the quarter. Viking accounts for 4.1% of Westend Capital Management LLC's holdings, making the stock its 11th largest holding. Westend Capital Management LLC owned 0.06% of Viking worth $10,771,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Select Equity Group L.P. grew its stake in shares of Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock valued at $761,353,000 after buying an additional 3,658,225 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after buying an additional 2,492,724 shares in the last quarter. Norges Bank acquired a new stake in shares of Viking in the fourth quarter valued at $245,038,000. Two Sigma Investments LP grew its stake in shares of Viking by 1,972.0% in the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after buying an additional 2,270,075 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Viking by 4,840.2% in the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company's stock valued at $102,303,000 after buying an additional 2,274,900 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.
Viking Stock Performance
NYSE VIK traded up $0.46 during trading on Friday, reaching $52.85. 17,874,795 shares of the company's stock were exchanged, compared to its average volume of 3,575,927. The stock has a market cap of $23.42 billion and a P/E ratio of 28.34. The company has a 50 day moving average price of $45.40 and a two-hundred day moving average price of $44.97. Viking Holdings Ltd. has a 1 year low of $30.56 and a 1 year high of $53.34.
Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.02. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The business had revenue of $897.06 million during 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 business's quarterly revenue was up 24.9% on a year-over-year basis. Research analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen cut Viking from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. Morgan Stanley lowered their target price on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus set a $50.00 target price on Viking and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on Viking from $58.00 to $61.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.87.
Read Our Latest Stock Report on Viking
Viking Company Profile
(
Free Report)
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.
See Also
Before you consider Viking, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viking wasn't on the list.
While Viking currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
