Hood River Capital Management LLC Acquires 19,658 Shares of Viking Holdings Ltd (NYSE:VIK)

Hood River Capital Management LLC grew its holdings in Viking Holdings Ltd (NYSE:VIK - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 241,124 shares of the company's stock after buying an additional 19,658 shares during the quarter. Hood River Capital Management LLC owned approximately 0.06% of Viking worth $10,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Chip Partners LLC purchased a new stake in Viking in the 4th quarter worth approximately $279,000. Renaissance Capital LLC raised its position in shares of Viking by 8.5% in the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after acquiring an additional 9,527 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Viking by 883.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after acquiring an additional 1,070,589 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Viking in the 4th quarter worth approximately $339,000. Finally, Franklin Resources Inc. raised its position in shares of Viking by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after acquiring an additional 836,353 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VIK. Morgan Stanley decreased their target price on Viking from $49.00 to $47.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Barclays reduced their price objective on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their price objective on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. Loop Capital assumed coverage on Viking in a research report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective for the company. Finally, BNP Paribas assumed coverage on Viking in a research report on Thursday, March 27th. They set an "outperform" rating and a $47.00 price objective for the company. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $46.89.

Viking Stock Performance

Shares of VIK stock traded down $0.12 on Tuesday, reaching $41.39. The stock had a trading volume of 281,588 shares, compared to its average volume of 2,516,814. The company has a 50 day simple moving average of $41.59 and a 200 day simple moving average of $43.99. The stock has a market cap of $17.86 billion and a P/E ratio of 158.94. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $53.14.

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