ExodusPoint Capital Management LP Reduces Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

ExodusPoint Capital Management LP cut its holdings in Viking Holdings Ltd (NYSE:VIK) by 94.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,605 shares of the company’s stock after selling 253,741 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Viking were worth $643,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VIK. Charles Schwab Investment Management Inc. purchased a new stake in shares of Viking in the third quarter valued at about $1,269,000. Janus Henderson Group PLC acquired a new stake in Viking during the 3rd quarter valued at $698,000. Stifel Financial Corp increased its position in Viking by 64.5% during the third quarter. Stifel Financial Corp now owns 12,428 shares of the company’s stock worth $434,000 after buying an additional 4,875 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Viking by 120.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 23,356 shares of the company’s stock worth $815,000 after acquiring an additional 12,771 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Viking in the third quarter valued at $187,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. UBS Group upped their price objective on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Citigroup began coverage on shares of Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price for the company. Jefferies Financial Group began coverage on Viking in a research note on Monday, March 31st. They set a “hold” rating and a $45.00 price target on the stock. Finally, Redburn Atlantic raised Viking to a “hold” rating in a research report on Tuesday, April 1st. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.18.

Viking Stock Performance

Shares of NYSE:VIK opened at $39.67 on Friday. The stock has a 50-day simple moving average of $44.25 and a 200-day simple moving average of $43.66. The stock has a market capitalization of $17.11 billion and a P/E ratio of 152.57. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $53.14.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

About Viking

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.