Kovitz Investment Group Partners LLC Takes Position in Viking Holdings Ltd (NYSE:VIK)

Kovitz Investment Group Partners LLC bought a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 149,197 shares of the company's stock, valued at approximately $6,574,000.

A number of other large investors have also recently made changes to their positions in VIK. Avior Wealth Management LLC boosted its position in shares of Viking by 37.1% during the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after acquiring an additional 285 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Viking during the 4th quarter valued at about $73,000. New York State Common Retirement Fund purchased a new stake in shares of Viking during the 4th quarter worth approximately $119,000. Rhumbline Advisers bought a new stake in Viking in the fourth quarter worth about $130,000. Finally, Vestcor Inc purchased a new position in shares of Viking during the fourth quarter valued at $141,000. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VIK has been the subject of several research analyst reports. Barclays reduced their target price on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. The Goldman Sachs Group dropped their target price on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Melius Research set a $51.00 target price on Viking in a research note on Monday, April 21st. Finally, Loop Capital initiated coverage on shares of Viking in a report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.89.

Viking Trading Up 2.6 %

Shares of VIK stock traded up $1.06 during trading hours on Friday, reaching $41.99. 1,390,626 shares of the stock were exchanged, compared to its average volume of 2,380,856. The firm has a market capitalization of $18.12 billion and a price-to-earnings ratio of 161.17. Viking Holdings Ltd has a 12-month low of $26.32 and a 12-month high of $53.14. The company's 50-day moving average price is $41.10 and its 200-day moving average price is $43.97.

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