Hsbc Holdings PLC Purchases Shares of 12,819 Viking Holdings Ltd (NYSE:VIK)

Hsbc Holdings PLC acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,819 shares of the company’s stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC boosted its stake in Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after buying an additional 285 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Viking during the 4th quarter worth about $73,000. New York State Common Retirement Fund acquired a new stake in shares of Viking in the fourth quarter worth approximately $119,000. Rhumbline Advisers purchased a new stake in Viking in the fourth quarter valued at approximately $130,000. Finally, Vestcor Inc acquired a new position in Viking during the fourth quarter worth approximately $141,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VIK. Redburn Atlantic upgraded shares of Viking to a “hold” rating in a report on Tuesday, April 1st. Melius Research set a $51.00 price target on Viking in a research report on Monday, April 21st. JPMorgan Chase & Co. raised their price objective on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, March 14th. Finally, BNP Paribas started coverage on shares of Viking in a report on Thursday, March 27th. They issued an “outperform” rating and a $47.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.89.

Viking Stock Performance

NYSE:VIK opened at $42.62 on Wednesday. Viking Holdings Ltd has a one year low of $27.60 and a one year high of $53.14. The business’s 50-day simple moving average is $40.77 and its 200 day simple moving average is $44.08. The stock has a market cap of $18.39 billion and a price-to-earnings ratio of 163.92.

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

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.