4,035 Shares in Viking Holdings Ltd. $VIK Purchased by Truist Financial Corp

Truist Financial Corp acquired a new position in Viking Holdings Ltd. (NYSE:VIK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,035 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also bought and sold shares of the stock. Select Equity Group L.P. lifted its holdings in Viking by 8.0% in the first quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock worth $741,608,000 after purchasing an additional 1,376,899 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Viking by 6.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company’s stock worth $350,922,000 after purchasing an additional 528,843 shares during the period. Invesco Ltd. lifted its holdings in Viking by 57.8% in the first quarter. Invesco Ltd. now owns 2,114,166 shares of the company’s stock worth $84,038,000 after purchasing an additional 774,265 shares during the period. Sculptor Capital LP lifted its holdings in Viking by 503.9% in the first quarter. Sculptor Capital LP now owns 1,377,000 shares of the company’s stock worth $54,736,000 after purchasing an additional 1,149,000 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Viking by 66.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,363,291 shares of the company’s stock valued at $54,191,000 after acquiring an additional 543,060 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

VIK stock opened at $60.72 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 19.33. Viking Holdings Ltd. has a one year low of $31.79 and a one year high of $65.37. The firm has a market capitalization of $26.91 billion, a PE ratio of 32.82, a P/E/G ratio of 0.71 and a beta of 2.24. The firm has a 50-day moving average of $61.20 and a two-hundred day moving average of $52.64.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $0.89 earnings per share. Viking’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on VIK. Mizuho began coverage on shares of Viking in a report on Friday, October 10th. They issued an “underperform” rating and a $54.00 price target for the company. Stifel Nicolaus upped their price target on shares of Viking from $50.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Citigroup upped their price target on shares of Viking from $57.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Jefferies Financial Group upped their price target on shares of Viking from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, July 7th. Finally, UBS Group upped their price target on shares of Viking from $55.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.93.

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.