Sandia Investment Management LP Sells 22,500 Shares of Viking Holdings Ltd (NYSE:VIK)

Sandia Investment Management LP decreased its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 56.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,500 shares of the company's stock after selling 22,500 shares during the period. Viking makes up about 1.8% of Sandia Investment Management LP's portfolio, making the stock its 13th largest position. Sandia Investment Management LP's holdings in Viking were worth $771,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Select Equity Group L.P. raised its stake in shares of Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company's stock worth $761,353,000 after purchasing an additional 3,658,225 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Viking by 26.0% in the fourth 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 last quarter. Norges Bank purchased a new stake in shares of Viking during the fourth quarter valued at approximately $245,038,000. Millennium Management LLC increased its position in shares of Viking by 580.0% during 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 last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Viking by 150.2% during 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 last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

VIK has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. BNP Paribas started coverage on shares of Viking in a report on Thursday, March 27th. They set an "outperform" rating and a $47.00 price objective for the company. Redburn Atlantic raised Viking to a "hold" rating in a research report on Tuesday, April 1st. Loop Capital started coverage on Viking in a research report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 target price for the company. Finally, Jefferies Financial Group started coverage on Viking in a research report on Monday, March 31st. They issued a "hold" rating and a $45.00 target price for the company. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.89.

Viking Trading Down 5.2%

Shares of VIK stock 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's fifty day simple moving average is $41.04 and its 200 day simple moving average is $44.52. Viking Holdings Ltd has a 12 month low of $28.62 and a 12 month high of $53.14. The firm has a market capitalization of $19.26 billion and a PE ratio of 171.69.

Viking (NYSE:VIK - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.21) earnings per share. As a group, equities research analysts anticipate that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Viking 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.