American Century Companies Inc. Makes New Investment in Viking Holdings Ltd (NYSE:VIK)

American Century Companies Inc. purchased a new stake in Viking Holdings Ltd (NYSE:VIK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 760,302 shares of the company’s stock, valued at approximately $33,499,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC lifted its holdings in shares of Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after buying an additional 285 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Viking during the fourth quarter valued at approximately $73,000. New York State Common Retirement Fund bought a new stake in Viking in the 4th quarter valued at $119,000. Rhumbline Advisers bought a new stake in Viking in the fourth quarter valued at about $130,000. Finally, Vestcor Inc acquired a new position in Viking in the fourth quarter worth about $141,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VIK. UBS Group boosted their price target on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Loop Capital initiated coverage on shares of Viking in a research note on Tuesday, February 4th. They issued a “buy” rating and a $55.00 target price for the company. BNP Paribas assumed coverage on shares of Viking in a research note on Thursday. They set an “outperform” rating and a $47.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Truist Financial upped their target price on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, March 14th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Viking currently has an average rating of “Moderate Buy” and an average price target of $46.38.

Viking Price Performance

Shares of Viking stock opened at $39.35 on Friday. The firm has a market cap of $16.98 billion and a price-to-earnings ratio of 151.33. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $53.14. The stock’s 50-day moving average is $46.85 and its 200-day moving average is $43.22.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current 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.