Hsbc Holdings PLC Takes Position in Viking Holdings Ltd (NYSE:VIK)

Hsbc Holdings PLC acquired a new position in Viking Holdings Ltd (NYSE:VIK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,819 shares of the company's stock, valued at approximately $567,000.

Other large investors have also modified their holdings of the company. Blue Chip Partners LLC bought a new position in Viking in the 4th quarter valued at about $279,000. Renaissance Capital LLC boosted its holdings in shares of Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock valued at $5,355,000 after acquiring an additional 9,527 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 1,070,589 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Viking during the fourth quarter valued at approximately $339,000. Finally, Franklin Resources Inc. raised its holdings in Viking by 25.7% during the third 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 in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Stock Down 0.8 %

Shares of VIK traded down $0.34 during midday trading on Friday, reaching $43.23. 1,065,245 shares of the stock were exchanged, compared to its average volume of 2,322,665. The company has a market cap of $18.65 billion and a price-to-earnings ratio of 166.27. The firm has a 50 day simple moving average of $40.53 and a 200-day simple moving average of $44.13. Viking Holdings Ltd has a 12-month low of $27.60 and a 12-month high of $53.14.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The business's quarterly revenue was up 20.5% compared to the same quarter last year. Research analysts expect that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VIK shares. Morgan Stanley lowered their price target on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group cut their price target on shares of Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. UBS Group boosted their target price on shares of Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Redburn Atlantic raised Viking to a "hold" rating in a report on Tuesday, April 1st. Finally, Truist Financial raised their price objective on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, March 14th. Five research analysts have rated the stock with a hold rating and thirteen have assigned 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 target price of $46.89.

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.