Stifel Financial Corp Purchases 33,707 Shares of Viking Holdings Ltd (NYSE:VIK)

Stifel Financial Corp grew its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 271.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,135 shares of the company's stock after purchasing an additional 33,707 shares during the quarter. Stifel Financial Corp's holdings in Viking were worth $2,033,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Viking during the 3rd quarter valued at $187,000. Franklin Resources Inc. lifted its holdings in shares of 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 buying an additional 836,353 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Viking by 113.9% in the third quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company's stock valued at $4,227,000 after acquiring an additional 64,502 shares during the period. Harbour Capital Advisors LLC grew its stake in Viking by 50.0% during the fourth quarter. Harbour Capital Advisors LLC now owns 12,960 shares of the company's stock valued at $555,000 after acquiring an additional 4,320 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new stake in Viking during the 4th quarter worth approximately $916,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Viking Stock Up 1.0 %

Shares of VIK stock opened at $42.80 on Tuesday. The company's 50 day moving average is $40.86 and its 200 day moving average is $44.09. The firm has a market cap of $18.47 billion and a price-to-earnings ratio of 164.63. Viking Holdings Ltd has a 52-week low of $27.60 and a 52-week high of $53.14.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley lowered their price target on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Northcoast Research initiated coverage on shares of Viking in a research report on Friday, April 25th. They set a "buy" rating and a $51.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Viking in a research note on Monday, March 31st. They issued a "hold" rating and a $45.00 price target for the company. Loop Capital started coverage on shares of Viking in a report on Tuesday, February 4th. They set a "buy" rating and a $55.00 price objective for the company. Finally, Truist Financial increased their target price on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Viking presently 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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