Stifel Financial Corp Has $434,000 Stake in Viking Holdings Ltd (NYSE:VIK)

Stifel Financial Corp grew its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 64.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,428 shares of the company’s stock after acquiring an additional 4,875 shares during the period. Stifel Financial Corp’s holdings in Viking were worth $434,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VIK. Charles Schwab Investment Management Inc. acquired a new stake in Viking during the third quarter worth approximately $1,269,000. U S Global Investors Inc. bought a new position in shares of Viking during the 3rd quarter worth approximately $1,169,000. International Assets Investment Management LLC acquired a new stake in shares of Viking during the 3rd quarter worth approximately $2,222,000. Quadrature Capital Ltd bought a new stake in shares of Viking in the 3rd quarter valued at $609,000. Finally, Forest Avenue Capital Management LP acquired a new position in shares of Viking during the 2nd quarter valued at $58,008,000. 98.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VIK shares. Bank of America lifted their price target on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Stifel Nicolaus increased 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. Citigroup started coverage on Viking in a report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Viking has an average rating of “Moderate Buy” and an average target price of $42.85.

Viking Stock Down 2.7 %

Shares of VIK stock opened at $44.41 on Friday. The company has a 50-day simple moving average of $43.82 and a two-hundred day simple moving average of $37.56. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $47.62.

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.