Private Trust Co. NA Makes New $29,000 Investment in Viking Holdings Ltd. $VIK

Private Trust Co. NA purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 545 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in Viking during the 1st quarter worth approximately $33,000. Harbour Investments Inc. raised its position in Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after buying an additional 346 shares during the last quarter. NewEdge Advisors LLC raised its position in Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Viking by 4,400.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,250 shares of the company’s stock valued at $120,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Viking by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company’s stock valued at $131,000 after purchasing an additional 1,650 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Trading Down 0.4%

Shares of VIK opened at $60.35 on Friday. Viking Holdings Ltd. has a 52-week low of $31.79 and a 52-week high of $65.37. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. The firm’s fifty day moving average is $61.33 and its two-hundred day moving average is $53.39. The stock has a market cap of $26.74 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 0.71 and a beta of 2.24.

Viking (NYSE:VIK) last announced its earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $0.89 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Research analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VIK shares. Bank of America lifted their target price on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research note on Friday, August 22nd. Stifel Nicolaus lifted their price target on shares of Viking from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a research note on Friday. Finally, Jefferies Financial Group lifted their price target on shares of Viking from $45.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, July 7th. Nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $58.93.

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.