Norden Group LLC Invests $449,000 in Viking Holdings Ltd. $VIK

Norden Group LLC acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 7,229 shares of the company’s stock, valued at approximately $449,000.

Other large investors have also bought and sold shares of the company. Congress Asset Management Co. bought a new position in Viking in the third quarter valued at approximately $65,041,000. Bank of New York Mellon Corp raised its holdings in shares of Viking by 1,063.5% during the second quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock worth $15,597,000 after acquiring an additional 267,521 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Viking during the second quarter worth $3,363,000. US Bancorp DE lifted its position in Viking by 43.2% in the 2nd quarter. US Bancorp DE now owns 15,017 shares of the company’s stock valued at $800,000 after acquiring an additional 4,529 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Viking by 74.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,467,311 shares of the company’s stock valued at $78,193,000 after acquiring an additional 626,973 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Viking Stock Performance

Shares of NYSE VIK opened at $73.35 on Friday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. The stock has a 50 day moving average price of $64.50 and a 200 day moving average price of $60.40. The stock has a market capitalization of $32.50 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 0.84 and a beta of 2.12. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $74.61.

Viking (NYSE:VIK) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. Analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VIK has been the subject of a number of research reports. Wells Fargo & Company increased their target price on Viking from $56.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $80.00 in a report on Monday, December 15th. Truist Financial boosted their target price on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Tuesday, December 2nd. Citigroup upped their price target on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, UBS Group lifted their price objective on shares of Viking from $69.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average price target of $66.00.

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.