Price T Rowe Associates Inc. MD Has $36.14 Million Stock Position in Viking Holdings Ltd (NYSE:VIK)

Price T Rowe Associates Inc. MD increased its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 77.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 820,231 shares of the company's stock after purchasing an additional 359,189 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.19% of Viking worth $36,140,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Blue Chip Partners LLC acquired a new stake in Viking during the fourth quarter worth approximately $279,000. Renaissance Capital LLC grew its stake in Viking by 8.5% during the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company's stock worth $5,355,000 after purchasing an additional 9,527 shares during the period. JPMorgan Chase & Co. grew its stake in Viking by 883.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock worth $52,508,000 after purchasing an additional 1,070,589 shares during the period. Oppenheimer & Co. Inc. bought a new position in Viking in the fourth quarter worth approximately $339,000. Finally, Franklin Resources Inc. boosted its holdings in Viking by 25.7% in the third 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. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Trading Down 0.2 %

Shares of Viking stock opened at $41.02 on Thursday. The business's fifty day simple moving average is $41.27 and its 200 day simple moving average is $43.95. The firm has a market capitalization of $17.70 billion and a P/E ratio of 157.77. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group increased their price target on Viking from $54.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Northcoast Research assumed coverage on Viking in a report on Friday, April 25th. They issued a "buy" rating and a $51.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Viking from $50.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. BNP Paribas assumed coverage on Viking in a report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target on the stock. Finally, Truist Financial increased their price target on Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, March 14th. Five 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 company has an average rating of "Moderate Buy" and a consensus price target 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.

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