Y Intercept Hong Kong Ltd grew its holdings in shares of Viking Holdings Ltd. (NYSE:VIK - Free Report) by 65.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,272 shares of the company's stock after acquiring an additional 18,321 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Viking were worth $1,839,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. Hsbc Holdings PLC purchased a new position in shares of Viking during the 4th quarter valued at about $567,000. JPMorgan Chase & Co. raised its holdings in shares of Viking by 883.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after buying an additional 1,070,589 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Viking by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company's stock valued at $1,656,000 after buying an additional 1,234 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Viking by 111.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company's stock valued at $727,000 after buying an additional 8,693 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of 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 in the last quarter. Institutional investors own 98.84% of the company's stock.
Viking Stock Performance
Shares of NYSE VIK traded up $0.54 during mid-day trading on Friday, hitting $58.29. 1,681,531 shares of the stock traded hands, compared to its average volume of 3,238,175. Viking Holdings Ltd. has a 52 week low of $30.56 and a 52 week high of $58.70. The company has a market cap of $25.83 billion, a price-to-earnings ratio of 47.39, a PEG ratio of 0.70 and a beta of 2.38. The stock has a fifty day moving average price of $50.77 and a 200-day moving average price of $46.49.
Viking (NYSE:VIK - Get Free Report) last released its quarterly 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 company had revenue of $897.06 million for the quarter, compared to analyst estimates of $841.18 million. During the same period in the previous year, the company posted ($1.21) earnings per share. The firm's revenue was up 24.9% on a year-over-year basis. As a group, sell-side analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Bank of America raised their price objective on Viking from $51.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday. Loop Capital reaffirmed a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. Northcoast Research started coverage on Viking in a research note on Friday, April 25th. They issued a "buy" rating and a $51.00 price target on the stock. Redburn Atlantic raised Viking to a "hold" rating in a research note on Tuesday, April 1st. Finally, Melius Research set a $51.00 price target on Viking in a research note on Monday, April 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.33.
View Our Latest Stock Analysis on VIK
About Viking
(
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.
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