Wells Fargo & Company MN Has $3.64 Million Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

Wells Fargo & Company MN lifted its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,602 shares of the company's stock after buying an additional 11,891 shares during the period. Wells Fargo & Company MN's holdings in Viking were worth $3,639,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Avior Wealth Management LLC raised its holdings in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock valued at $46,000 after purchasing an additional 285 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Viking in the 4th quarter valued at about $73,000. New York State Common Retirement Fund bought a new position in Viking in the 4th quarter valued at about $119,000. Rhumbline Advisers bought a new position in Viking in the 4th quarter valued at about $130,000. Finally, Vestcor Inc bought a new position in Viking in the 4th quarter valued at about $141,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on VIK shares. Melius Research set a $51.00 price target on shares of Viking in a report on Monday, April 21st. BNP Paribas started coverage on shares of Viking in a report on Thursday, March 27th. They issued an "outperform" rating and a $47.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Viking from $50.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Barclays lowered their target price on shares of Viking from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered their target price on shares of 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 thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $46.89.

Viking Stock Up 2.3 %

Viking stock traded up $0.95 during trading hours on Monday, hitting $41.50. The stock had a trading volume of 1,515,489 shares, compared to its average volume of 2,525,758. The stock has a market cap of $17.91 billion and a price-to-earnings ratio of 159.62. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $53.14. The business's 50 day simple moving average is $41.59 and its 200-day simple moving average is $43.99.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The company's revenue was up 20.5% compared to the same quarter last year. 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.