Viking (NYSE:VIK) Trading Down 6.1% – Time to Sell?

Viking Holdings Ltd (NYSE:VIK)’s share price traded down 6.1% on Tuesday . The company traded as low as $39.62 and last traded at $39.51. 3,415,581 shares were traded during mid-day trading, an increase of 44% from the average session volume of 2,372,269 shares. The stock had previously closed at $42.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday. UBS Group lifted their price objective on Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday. Loop Capital initiated 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. The Goldman Sachs Group assumed coverage on Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price on the stock. Finally, Stifel Nicolaus upped their price target on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $46.33.

Viking Trading Down 6.6 %

The firm has a market capitalization of $16.95 billion and a price-to-earnings ratio of 151.15. The stock has a fifty day moving average price of $47.48 and a 200-day moving average price of $42.89.

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

Institutional Trading of Viking

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new position in Viking in the third quarter valued at approximately $1,269,000. Blue Chip Partners LLC acquired a new position in shares of Viking in the 4th quarter valued at $279,000. Renaissance Capital LLC boosted its holdings in Viking by 8.5% during the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock worth $5,355,000 after buying an additional 9,527 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Viking during the 4th quarter worth about $339,000. Finally, Franklin Resources Inc. grew its position in shares of Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after buying an additional 836,353 shares during the period. 98.84% of the stock is owned by institutional investors.

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.