Vestcor Inc Buys Shares of 3,200 Viking Holdings Ltd (NYSE:VIK)

Vestcor Inc bought a new stake in Viking Holdings Ltd (NYSE:VIK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,200 shares of the company’s stock, valued at approximately $141,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC acquired a new position in Viking in the third quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new position in Viking in the fourth quarter valued at approximately $73,000. New York State Common Retirement Fund acquired a new position in Viking in the fourth quarter valued at approximately $119,000. Rhumbline Advisers acquired a new position in Viking in the fourth quarter valued at approximately $130,000. Finally, SBI Securities Co. Ltd. acquired a new position in Viking in the fourth quarter valued at approximately $199,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. UBS Group boosted their price objective on Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup assumed coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. Loop Capital assumed coverage on Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company. Finally, Barclays set a $46.00 price objective on Viking and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.33.

Viking Price Performance

Shares of NYSE:VIK opened at $38.94 on Wednesday. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $53.14. The stock has a market cap of $16.80 billion and a price-to-earnings ratio of 149.75. The stock’s 50 day moving average price is $47.41 and its 200 day moving average price is $42.93.

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

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.