International Assets Investment Management LLC Invests $2.22 Million in Viking Holdings Ltd (NYSE:VIK)

International Assets Investment Management LLC purchased a new stake in Viking Holdings Ltd (NYSE:VIK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,674 shares of the company’s stock, valued at approximately $2,222,000.

Several other hedge funds have also added to or reduced their stakes in the business. Empirical Asset Management LLC grew its position in shares of Viking by 6.0% in the third quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock valued at $341,000 after purchasing an additional 550 shares during the last quarter. Fruth Investment Management grew its holdings in Viking by 1.4% in the 3rd quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock valued at $2,505,000 after buying an additional 1,000 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in Viking during the 2nd quarter worth $35,000. Sunbelt Securities Inc. acquired a new stake in shares of Viking during the second quarter worth $68,000. Finally, American National Bank bought a new stake in shares of Viking in the second quarter valued at about $68,000.

Analyst Ratings Changes

A number of equities analysts recently commented on VIK shares. Morgan Stanley raised their price target on shares of Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 20th. Bank of America lifted their price target on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Barclays increased their price target on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upped 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. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Viking Stock Up 1.0 %

Viking stock opened at $39.64 on Monday. The stock’s fifty day simple moving average is $35.73. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $39.87.

Viking (NYSE:VIK) last issued its earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, research analysts forecast that Viking Holdings Ltd will post 1.13 EPS for the current year.

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.