Viking Holdings Ltd. $VIK Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Viking Holdings Ltd. (NYSE:VIK) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,488,381 shares of the company’s stock after acquiring an additional 117,753 shares during the period. Geode Capital Management LLC owned 0.34% of Viking worth $106,285,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Viking by 32.8% during the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after purchasing an additional 3,471,244 shares during the last quarter. Dream Peak Capital Ltd bought a new stake in Viking during the fourth quarter valued at $223,744,000. State Street Corp increased its stake in Viking by 34,748.5% during the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Viking during the fourth quarter valued at $113,364,000. Finally, AQR Capital Management LLC bought a new stake in Viking during the third quarter valued at $66,016,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Viking

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the transaction, the executive vice president owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Viking Stock Performance

Shares of VIK opened at $89.85 on Friday. Viking Holdings Ltd. has a 1 year low of $46.06 and a 1 year high of $93.70. The company has a market cap of $40.04 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The firm has a fifty day moving average of $81.83 and a 200-day moving average of $75.03.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, equities analysts anticipate that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Loop Capital assumed coverage on shares of Viking in a research note on Monday, June 1st. They set a “buy” rating and a $108.00 target price for the company. Stifel Nicolaus set a $105.00 target price on shares of Viking in a research note on Friday, May 15th. JPMorgan Chase & Co. boosted their target price on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Citigroup reiterated a “buy” rating on shares of Viking in a research note on Friday, May 15th. Finally, UBS Group reiterated a “buy” rating and set a $100.00 target price on shares of Viking in a research note on Wednesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and an average price target of $96.38.

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.