Viking Holdings Ltd. $VIK Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in Viking Holdings Ltd. (NYSE:VIK) by 92.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,403 shares of the company’s stock after selling 1,354,908 shares during the quarter. JPMorgan Chase & Co.’s holdings in Viking were worth $6,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in VIK. CI Investments Inc. grew its position in Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the last quarter. Simon Quick Advisors LLC lifted its position in shares of Viking by 1.5% during the 3rd quarter. Simon Quick Advisors LLC now owns 17,127 shares of the company’s stock valued at $1,065,000 after acquiring an additional 249 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking during the 3rd quarter valued at $26,000. NewEdge Advisors LLC boosted its stake in shares of Viking by 29.2% during the 3rd quarter. NewEdge Advisors LLC now owns 1,990 shares of the company’s stock worth $124,000 after acquiring an additional 450 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Viking by 12.7% in the 3rd quarter. Truist Financial Corp now owns 4,548 shares of the company’s stock worth $283,000 after acquiring an additional 513 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Stock Up 7.2%

VIK stock opened at $73.37 on Wednesday. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $81.48. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. The company has a market cap of $32.70 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.26 and a beta of 1.96. The company has a 50 day moving average of $73.41 and a two-hundred day moving average of $67.84.

Viking (NYSE:VIK) last issued its earnings results on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. The company had revenue of $1.72 billion during the quarter. On average, equities analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VIK shares. Stifel Nicolaus boosted their target price on Viking from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Mizuho lifted their price target on Viking from $59.00 to $69.00 and gave the stock an “underperform” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. upped 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. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley lifted their target price on shares of Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.21.

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.