Massachusetts Financial Services Co. MA Sells 53,114 Shares of Viking Holdings Ltd (NYSE:VIK)

Massachusetts Financial Services Co. MA lowered its position in Viking Holdings Ltd (NYSE:VIK - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,898,815 shares of the company's stock after selling 53,114 shares during the period. Massachusetts Financial Services Co. MA owned about 0.67% of Viking worth $127,722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after purchasing an additional 285 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Viking during the fourth quarter valued at approximately $73,000. New York State Common Retirement Fund bought a new position in Viking in the 4th quarter worth about $119,000. Rhumbline Advisers purchased a new stake in Viking in the fourth quarter worth about $130,000. Finally, Vestcor Inc purchased a new stake in Viking during the fourth quarter worth $141,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Stock Down 6.4 %

VIK traded down $2.68 during midday trading on Thursday, hitting $39.01. 1,184,715 shares of the company were exchanged, compared to its average volume of 2,537,942. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14. The firm's 50 day moving average price is $44.70 and its 200-day moving average price is $43.59. The firm has a market capitalization of $16.83 billion and a P/E ratio of 148.83.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, sell-side analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BNP Paribas assumed coverage on Viking in a research report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 target price on the stock. Citigroup assumed coverage on shares of Viking in a research report on Thursday, December 19th. They set a "buy" rating and a $54.00 price target for the company. Truist Financial increased 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. Redburn Atlantic raised Viking to a "hold" rating in a research note on Tuesday, April 1st. Finally, UBS Group lifted their target price on Viking from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Viking presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.18.

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.