Quantedge Capital Pte Ltd Acquires Shares of 71,000 Viking Holdings Ltd (NYSE:VIK)

Quantedge Capital Pte Ltd acquired a new stake in Viking Holdings Ltd (NYSE:VIK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 71,000 shares of the company's stock, valued at approximately $3,128,000. Viking accounts for approximately 1.1% of Quantedge Capital Pte Ltd's portfolio, making the stock its 26th biggest holding.

A number of other hedge funds have also modified their holdings of VIK. Hsbc Holdings PLC purchased a new stake in Viking in the 4th quarter valued at approximately $567,000. Blue Chip Partners LLC acquired a new stake in shares of Viking in the 4th quarter valued at approximately $279,000. Renaissance Capital LLC boosted its stake 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 buying an additional 9,527 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Viking by 883.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company's stock valued at $52,508,000 after buying an additional 1,070,589 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Viking during the fourth quarter worth $339,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Redburn Atlantic raised Viking to a "hold" rating in a report on Tuesday, April 1st. Truist Financial raised their target price on shares of Viking from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, March 14th. Barclays cut their price target on Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Northcoast Research began coverage on Viking in a report on Friday, April 25th. They set a "buy" rating and a $51.00 price objective on the stock. Finally, Loop Capital initiated coverage on Viking in a research report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price objective for the company. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.89.

Viking Price Performance

NYSE VIK opened at $46.15 on Wednesday. Viking Holdings Ltd has a 12 month low of $27.60 and a 12 month high of $53.14. The company has a market capitalization of $19.91 billion and a P/E ratio of 177.50. The company's 50 day simple moving average is $40.51 and its 200 day simple moving average is $44.27.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. The company's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Viking Company 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.

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