Natixis Invests $687,000 in Viking Holdings Ltd (NYSE:VIK)

Natixis purchased a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,600 shares of the company's stock, valued at approximately $687,000.

A number of other large investors have also recently added to or reduced their stakes in VIK. Capital Research Global Investors lifted its position in shares of Viking by 26.0% during the fourth 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 last quarter. Norges Bank bought a new stake in shares of Viking in the 4th quarter valued at approximately $245,038,000. Franklin Resources Inc. raised its position in shares of Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock valued at $154,931,000 after acquiring an additional 836,353 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Viking by 150.2% during the fourth 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 last quarter. Finally, Federated Hermes Inc. boosted its holdings in Viking by 4.0% in the fourth 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. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group increased 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. Loop Capital assumed coverage on shares of Viking in a research note on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective on the stock. The Goldman Sachs Group decreased 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. Truist Financial increased their price target on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, March 14th. Finally, BNP Paribas initiated 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 investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Viking presently has an average rating of "Moderate Buy" and a consensus target price of $46.89.

Viking Trading Down 0.5 %

VIK traded down $0.21 on Tuesday, reaching $41.29. The company had a trading volume of 227,034 shares, compared to its average volume of 2,516,602. The company has a market capitalization of $17.81 billion and a P/E ratio of 158.81. The company has a fifty day moving average of $41.59 and a 200-day moving average of $43.99. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $53.14.

Viking (NYSE:VIK - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) 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 the consensus estimate of $1.34 billion. The company's revenue was up 20.5% compared to the same quarter last year. Research analysts predict 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.