Viking (NYSE:VIK) Hits New 52-Week High - Here's What Happened

Viking Holdings Ltd. (NYSE:VIK - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $53.34 and last traded at $53.04, with a volume of 1240069 shares trading hands. The stock had previously closed at $52.39.

Wall Street Analyst Weigh In

VIK has been the subject of a number of research analyst reports. Northcoast Research started coverage on Viking in a report on Friday, April 25th. They issued a "buy" rating and a $51.00 price target for the company. Wall Street Zen downgraded shares of Viking from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 6th. Morgan Stanley decreased their target price on Viking from $49.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. Loop Capital reaffirmed a "buy" rating on shares of Viking in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group decreased their price objective on Viking from $51.00 to $44.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.87.

Viking Trading Up 0.7%

The firm has a market cap of $23.37 billion and a P/E ratio of 42.77. The company's fifty day moving average price is $45.14 and its two-hundred day moving average price is $44.93.

Viking (NYSE:VIK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to analyst estimates of $841.18 million. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. The company's quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.21) earnings per share. On average, analysts predict that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Institutional Trading of Viking

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Select Equity Group L.P. raised its position in Viking by 8.0% during the first quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company's stock valued at $741,608,000 after purchasing an additional 1,376,899 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Viking by 26.0% in the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company's stock valued at $532,511,000 after purchasing an additional 2,492,724 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Viking by 6.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company's stock worth $350,922,000 after buying an additional 528,843 shares in the last quarter. Norges Bank bought a new stake in shares of Viking during the 4th quarter worth $245,038,000. Finally, Two Sigma Investments LP boosted its stake in Viking by 1,972.0% in the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company's stock valued at $105,092,000 after buying an additional 2,270,075 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

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.

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