Viking Holdings Ltd (NYSE:VIK) Shares Purchased by Millennium Management LLC

Millennium Management LLC boosted its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 580.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,190,947 shares of the company's stock after purchasing an additional 1,868,733 shares during the quarter. Millennium Management LLC owned about 0.51% of Viking worth $96,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VIK. Norges Bank acquired a new stake in shares of Viking in the fourth quarter valued at about $245,038,000. Capital Research Global Investors grew its stake in Viking by 26.0% during the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after acquiring an additional 2,492,724 shares in the last quarter. Invesco Ltd. acquired a new stake in Viking in the 4th quarter valued at about $59,036,000. Renaissance Technologies LLC raised its holdings in Viking by 150.2% in the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company's stock valued at $92,319,000 after acquiring an additional 1,258,005 shares during the last quarter. Finally, Evercore Wealth Management LLC purchased a new position in Viking in the 4th quarter worth approximately $53,834,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Stock Up 4.7%

Shares of VIK traded up $2.17 during trading on Friday, reaching $48.37. 3,095,186 shares of the company traded hands, compared to its average volume of 2,348,269. The stock has a 50-day simple moving average of $40.80 and a 200-day simple moving average of $44.43. The stock has a market cap of $20.87 billion and a PE ratio of 186.05. Viking Holdings Ltd has a twelve month low of $28.62 and a twelve 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 during the quarter, compared to analyst estimates of $1.34 billion. The company's revenue was up 20.5% on a year-over-year basis. On average, equities research analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VIK. The Goldman Sachs Group dropped their price target on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. BNP Paribas assumed coverage on Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 price objective on the stock. Northcoast Research assumed coverage on Viking in a report on Friday, April 25th. They issued a "buy" rating and a $51.00 target price for the company. Loop Capital initiated coverage on Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.89.

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.