Viking Holdings Ltd’s Lock-Up Period To End on October 28th (NYSE:VIK)

Viking’s (NYSE:VIK) lock-up period is set to end on Monday, October 28th. Viking had issued 64,041,668 shares in its IPO on May 1st. The total size of the offering was $1,537,000,032 based on an initial share price of $24.00. After the expiration of Viking’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VIK shares. JPMorgan Chase & Co. increased their target price on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Barclays increased their target price on Viking from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday. Morgan Stanley increased their target price on Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 20th. Stifel Nicolaus increased their target price on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Bank of America increased their target price on Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.50.

Viking Stock Performance

NYSE:VIK opened at $38.79 on Friday. The firm’s fifty day moving average is $35.26. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $39.70.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Sell-side analysts forecast that Viking will post 1.13 EPS for the current year.

Institutional Trading of Viking

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in Viking in the second quarter worth $2,063,879,000. Select Equity Group L.P. purchased a new stake in Viking in the second quarter worth $145,989,000. Massachusetts Financial Services Co. MA purchased a new stake in Viking in the second quarter worth $73,247,000. Forest Avenue Capital Management LP purchased a new stake in Viking in the second quarter worth $58,008,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Viking by 282.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company’s stock worth $45,896,000 after buying an additional 971,152 shares in the last quarter.

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.