Viking Holdings Ltd. $VIK Stock Position Increased by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 654.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,157,982 shares of the company’s stock after buying an additional 5,341,580 shares during the quarter. Wellington Management Group LLP’s holdings in Viking were worth $644,556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VIK. Norges Bank bought a new stake in Viking in the fourth quarter worth about $372,297,000. Invesco Ltd. boosted its position in shares of Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after purchasing an additional 3,471,244 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Viking by 316.8% in the 4th quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after purchasing an additional 3,364,265 shares during the last quarter. State Street Corp grew its stake in shares of Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Viking in the 4th quarter worth approximately $113,364,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Viking Trading Down 1.4%

Viking stock opened at $88.53 on Friday. Viking Holdings Ltd. has a 52 week low of $56.37 and a 52 week high of $110.09. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The firm has a market capitalization of $39.46 billion, a price-to-earnings ratio of 29.41, a P/E/G ratio of 1.04 and a beta of 1.50. The company has a 50 day moving average price of $100.00 and a 200 day moving average price of $87.24.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 20th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter last year, the firm posted $0.99 earnings per share. Viking’s revenue was up 16.5% compared to the same quarter last year. Research analysts forecast that Viking Holdings Ltd. will post 3.2 EPS for the current year.

Wall Street Analyst Weigh In

VIK has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Morgan Stanley upped their price target on Viking from $86.00 to $93.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Viking in a research report on Wednesday. BNP Paribas Exane reissued an “outperform” rating and set a $121.00 price objective (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group lifted their target price on Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $107.50.

Insiders Place Their Bets

In related news, EVP Richard Marnell sold 11,287 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $92.85, for a total value of $1,047,997.95. Following the completion of the sale, the executive vice president directly owned 117,050 shares of the company’s stock, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 17,566 shares of company stock worth $1,640,166 over the last quarter.

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.