Viking Holdings Ltd. $VIK Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 1,063.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,676 shares of the company’s stock after purchasing an additional 267,521 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.07% of Viking worth $15,597,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Select Equity Group L.P. lifted its stake in shares of 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 buying an additional 1,376,899 shares in the last quarter. Sculptor Capital LP raised its holdings in Viking by 503.9% in the 1st quarter. Sculptor Capital LP now owns 1,377,000 shares of the company’s stock valued at $54,736,000 after acquiring an additional 1,149,000 shares during the last quarter. Invesco Ltd. lifted its stake in Viking by 57.8% in the 1st 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 in the last quarter. Primecap Management Co. CA acquired a new position in shares of Viking during the 1st quarter worth approximately $30,361,000. Finally, Stephens Investment Management Group LLC purchased a new stake in shares of Viking in the second quarter valued at approximately $32,427,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

VIK has been the topic of a number of analyst reports. Mizuho assumed coverage on Viking in a research report on Friday, October 10th. They set an “underperform” rating and a $54.00 price objective on the stock. UBS Group reiterated a “buy” rating and set a $69.00 price target on shares of Viking in a report on Friday. Barclays boosted their price target on shares of Viking from $61.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Viking from $50.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.93.

Viking Trading Down 3.4%

NYSE VIK opened at $57.31 on Tuesday. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The stock has a market capitalization of $25.39 billion, a P/E ratio of 30.98, a PEG ratio of 0.69 and a beta of 2.20. The firm’s 50-day moving average is $60.53 and its two-hundred day moving average is $55.85. Viking Holdings Ltd. has a 12 month low of $31.79 and a 12 month high of $65.37.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, August 19th. The company reported $0.99 earnings per share 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 company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. Viking’s revenue was up 18.5% on a year-over-year basis. On average, sell-side analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share 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.