Viking Holdings Ltd. $VIK Shares Bought by Holocene Advisors LP

Holocene Advisors LP lifted its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 57.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,706,427 shares of the company’s stock after buying an additional 2,092,729 shares during the period. Viking makes up approximately 0.7% of Holocene Advisors LP’s holdings, making the stock its 25th largest position. Holocene Advisors LP owned approximately 1.29% of Viking worth $304,095,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VIK. Select Equity Group L.P. raised its stake in Viking by 8.0% during the 1st quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock valued at $741,608,000 after acquiring an additional 1,376,899 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Viking by 400.3% in the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock valued at $563,654,000 after purchasing an additional 8,462,947 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Viking by 6.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company’s stock valued at $350,922,000 after purchasing an additional 528,843 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Viking by 69.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company’s stock worth $239,902,000 after purchasing an additional 1,843,533 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Viking during the second quarter worth $236,911,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on VIK shares. JPMorgan Chase & Co. boosted their price objective on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Mizuho set a $59.00 price target on shares of Viking in a research note on Wednesday, November 19th. Truist Financial raised their price objective on shares of Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Barclays lifted their price objective on Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Finally, Morgan Stanley increased their target price on Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.75.

Viking Trading Down 1.8%

Shares of Viking stock opened at $68.79 on Friday. The company has a 50-day moving average of $62.09 and a two-hundred day moving average of $58.53. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $71.00. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. The stock has a market cap of $30.48 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12.

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