Select Equity Group L.P. Boosts Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

Select Equity Group L.P. grew its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 26.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,279,911 shares of the company's stock after buying an additional 3,658,225 shares during the period. Viking accounts for approximately 3.0% of Select Equity Group L.P.'s investment portfolio, making the stock its 8th largest holding. Select Equity Group L.P. owned approximately 4.01% of Viking worth $761,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in Viking by 26.0% in the fourth 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 during the period. Norges Bank acquired a new position in Viking in the fourth quarter valued at about $245,038,000. Millennium Management LLC grew its stake in Viking by 580.0% in the fourth quarter. Millennium Management LLC now owns 2,190,947 shares of the company's stock valued at $96,533,000 after acquiring an additional 1,868,733 shares during the period. Renaissance Technologies LLC grew its stake in Viking by 150.2% in the fourth 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 period. Finally, Federated Hermes Inc. lifted its holdings in shares of Viking by 4.0% in the fourth quarter. Federated Hermes Inc. now owns 1,684,500 shares of the company's stock valued at $74,219,000 after purchasing an additional 64,500 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Stock Performance

Shares of VIK traded down $2.44 during trading hours on Tuesday, reaching $44.64. The stock had a trading volume of 7,427,933 shares, compared to its average volume of 2,378,048. The stock has a market capitalization of $19.26 billion and a PE ratio of 171.69. Viking Holdings Ltd has a 12 month low of $28.62 and a 12 month high of $53.14. The company's 50-day moving average is $41.04 and its two-hundred day moving average is $44.52.

Viking (NYSE:VIK - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.21) EPS. Equities analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VIK has been the topic of a number of research reports. BNP Paribas initiated coverage on Viking in a report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target on the stock. Redburn Atlantic upgraded Viking to a "hold" rating in a report on Tuesday, April 1st. The Goldman Sachs Group cut their price target on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Truist Financial boosted their price target on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, March 14th. Finally, Melius Research set a $51.00 price target on Viking in a report on Monday, April 21st. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $46.89.

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.