Handelsbanken Fonder AB Acquires Shares of 33,700 Viking Holdings Ltd. $VIK

Handelsbanken Fonder AB acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,700 shares of the company’s stock, valued at approximately $2,407,000.

Other large investors also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its position in Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after buying an additional 390 shares during the period. Cornerstone Planning Group LLC boosted its position in Viking by 316.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after buying an additional 316 shares during the period. SBI Securities Co. Ltd. boosted its position in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Viking in the 3rd quarter valued at about $26,000. Finally, GAMMA Investing LLC boosted its position in Viking by 158.3% in the 4th quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $39,000 after buying an additional 334 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Price Performance

Shares of VIK opened at $84.31 on Monday. The company has a 50 day moving average price of $78.04 and a 200-day moving average price of $72.95. Viking Holdings Ltd. has a fifty-two week low of $42.20 and a fifty-two week high of $92.00. The stock has a market capitalization of $37.57 billion, a PE ratio of 31.34, a PEG ratio of 1.22 and a beta of 1.57. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.77 and a current ratio of 0.78.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VIK shares. Truist Financial raised shares of Viking from a “hold” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $102.00 in a research report on Friday. The Goldman Sachs Group boosted their price objective on shares of Viking from $84.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $105.00 price objective on shares of Viking in a research report on Friday, May 15th. Weiss Ratings cut shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Eleven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.64.

Insider Activity at Viking

In related news, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. The trade was a 9.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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.