Viking Holdings Ltd (NYSE:VIK) Holdings Cut by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC lessened its holdings in Viking Holdings Ltd (NYSE:VIK - Free Report) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,500,000 shares of the company's stock after selling 685,000 shares during the period. Viking makes up 3.9% of Ghisallo Capital Management LLC's investment portfolio, making the stock its 4th largest position. Ghisallo Capital Management LLC owned 0.35% of Viking worth $66,090,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Research Global Investors increased its holdings in Viking by 26.0% during the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock worth $532,511,000 after purchasing an additional 2,492,724 shares during the period. Norges Bank purchased a new stake in Viking during the 4th quarter worth about $245,038,000. Franklin Resources Inc. increased its holdings in Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after purchasing an additional 836,353 shares during the period. Renaissance Technologies LLC increased its holdings in Viking by 150.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company's stock worth $92,319,000 after purchasing an additional 1,258,005 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Viking by 4.0% during the 4th quarter. Federated Hermes Inc. now owns 1,684,500 shares of the company's stock worth $74,219,000 after purchasing an additional 64,500 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Melius Research set a $51.00 price target on Viking in a report on Monday, April 21st. JPMorgan Chase & Co. increased their price objective on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Northcoast Research began coverage on Viking in a report on Friday, April 25th. They issued a "buy" rating and a $51.00 price objective on the stock. BNP Paribas began coverage on Viking in a report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price objective on the stock. Finally, Barclays dropped their price objective on Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.89.

Viking Stock Up 0.3 %

Shares of Viking stock traded up $0.11 on Thursday, hitting $41.14. The company's stock had a trading volume of 922,255 shares, compared to its average volume of 3,180,952. Viking Holdings Ltd has a 52-week low of $26.32 and a 52-week high of $53.14. The firm has a fifty day moving average price of $41.27 and a 200-day moving average price of $43.95. The company has a market capitalization of $17.75 billion and a P/E ratio of 158.23.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.34 billion. The company's revenue was up 20.5% on a year-over-year basis. As a group, analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

About Viking

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.