Ameriprise Financial Inc. decreased its holdings in Viking Holdings Ltd (NYSE:VIK - Free Report) by 23.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 648,652 shares of the company's stock after selling 193,432 shares during the quarter. Ameriprise Financial Inc. owned 0.15% of Viking worth $28,580,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of VIK. Norges Bank acquired a new position in Viking in the 4th quarter worth about $245,038,000. Capital Research Global Investors raised its holdings in Viking by 26.0% in the 4th 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 period. Invesco Ltd. acquired a new position in Viking in the 4th quarter worth about $59,036,000. Renaissance Technologies LLC raised its holdings in Viking by 150.2% in the 4th 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 period. Finally, Evercore Wealth Management LLC acquired a new position in Viking in the 4th quarter worth about $53,834,000. Institutional investors and hedge funds own 98.84% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on VIK shares. BNP Paribas started coverage on Viking in a report on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price for the company. UBS Group increased their target price on Viking from $54.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, March 18th. Northcoast Research started coverage on Viking in a report on Friday, April 25th. They set a "buy" rating and a $51.00 target price for the company. The Goldman Sachs Group reduced their target price on Viking from $51.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Finally, Truist Financial increased their target price on Viking from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Viking has a consensus rating of "Moderate Buy" and an average target price of $46.89.
Get Our Latest Research Report on VIK
Viking Stock Performance
Shares of VIK traded down $1.33 during midday trading on Monday, hitting $46.90. 4,769,181 shares of the stock were exchanged, compared to its average volume of 2,357,963. Viking Holdings Ltd has a 52-week low of $28.62 and a 52-week high of $53.14. The stock has a fifty day simple moving average of $40.93 and a 200 day simple moving average of $44.52. The firm has a market cap of $20.24 billion and a P/E ratio of 180.38.
Viking (NYSE:VIK - Get Free Report) last announced 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 analyst estimates of $1.34 billion. The company's quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.
Viking Company Profile
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Free Report)
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.
Further Reading
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