Viking (NYSE:VIK) Shares Gap Down - Time to Sell?

Shares of Viking Holdings Ltd (NYSE:VIK - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $44.92, but opened at $43.50. Viking shares last traded at $44.28, with a volume of 4,735,832 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup reaffirmed a "buy" rating and set a $52.00 price target (up previously from $48.00) on shares of Viking in a research note on Wednesday, May 21st. Redburn Atlantic raised Viking to a "hold" rating in a research note on Tuesday, April 1st. Loop Capital reaffirmed a "buy" rating on shares of Viking in a research note on Wednesday, May 21st. BNP Paribas assumed coverage on Viking in a research note on Thursday, March 27th. They set an "outperform" rating and a $47.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on Viking in a research note on Monday, March 31st. They set a "hold" rating and a $45.00 price target for the company. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $48.69.

Viking Stock Performance

The company has a market cap of $19.24 billion and a P/E ratio of 36.26. The business has a 50 day moving average price of $41.59 and a two-hundred day moving average price of $44.56.

Viking (NYSE:VIK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.02. The business had revenue of $897.06 million for the quarter, compared to analysts' expectations of $841.18 million. During the same quarter in the prior year, the firm earned ($1.21) EPS. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. As a group, research analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in Viking by 118.4% during the 1st quarter. Rhumbline Advisers now owns 6,420 shares of the company's stock valued at $255,000 after purchasing an additional 3,480 shares during the period. Zimmer Partners LP purchased a new position in Viking during the 1st quarter valued at about $3,975,000. Sciencast Management LP purchased a new position in Viking during the 1st quarter valued at about $291,000. Select Equity Group L.P. increased its holdings in Viking by 8.0% during the 1st 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 during the period. Finally, Pentwater Capital Management LP purchased a new position in Viking during the 1st quarter valued at about $795,000. Hedge funds and other 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.