XTX Topco Ltd Decreases Stake in Viking Holdings Ltd. (NYSE:VIK)

Key Points

• XTX Topco Ltd has reduced its stake in Viking Holdings Ltd by 40.8%, selling 14,927 shares and now holding 21,626 shares valued at approximately $860,000.
• The company's stock is currently trading at $57.57 with a market capitalization of $25.51 billion and has seen a revenue increase of 24.9% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Viking Holdings, with an average target price of $53.33, while some have upgraded their target prices significantly.

XTX Topco Ltd lowered its stake in Viking Holdings Ltd. (NYSE:VIK - Free Report) by 40.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,626 shares of the company's stock after selling 14,927 shares during the period. XTX Topco Ltd's holdings in Viking were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new position in Viking in the 4th quarter valued at approximately $567,000. JPMorgan Chase & Co. lifted its position in Viking by 883.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after purchasing an additional 1,070,589 shares during the period. Barclays PLC raised its stake in Viking by 134,156.0% during the 4th quarter. Barclays PLC now owns 67,128 shares of the company's stock valued at $2,958,000 after buying an additional 67,078 shares during the last quarter. Fortress Investment Group LLC purchased a new position in shares of Viking in the 4th quarter worth $1,322,000. Finally, Jump Financial LLC bought a new stake in shares of Viking in the fourth quarter worth $10,653,000. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen cut Viking from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 6th. Loop Capital reissued a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Bank of America upped their target price on shares of Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Jefferies Financial Group lifted their price target 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. Finally, Stifel Nicolaus set a $50.00 price objective on Viking and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $53.33.

Viking Price Performance

Shares of NYSE:VIK traded down $0.89 during trading on Wednesday, hitting $57.32. 2,460,166 shares of the company's stock were exchanged, compared to its average volume of 2,514,293. The business's 50-day simple moving average is $52.95 and its 200 day simple moving average is $47.32. Viking Holdings Ltd. has a 52-week low of $30.75 and a 52-week high of $59.97. The company has a market cap of $25.40 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 0.68 and a beta of 2.40.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.02. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The firm had revenue of $897.06 million for the quarter, compared to analysts' expectations of $841.18 million. During the same quarter last year, the business posted ($1.21) earnings per share. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

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.