Viking Holdings Ltd. $VIK Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,759,101 shares of the company’s stock after purchasing an additional 74,601 shares during the quarter. Federated Hermes Inc. owned approximately 0.40% of Viking worth $93,742,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VIK. LPL Financial LLC lifted its position in shares of Viking by 15.6% during the 1st quarter. LPL Financial LLC now owns 50,739 shares of the company’s stock worth $2,017,000 after buying an additional 6,841 shares during the last quarter. Harbour Investments Inc. raised its stake in Viking by 37.2% during the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after acquiring an additional 346 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Viking by 50.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 56,606 shares of the company’s stock valued at $2,250,000 after acquiring an additional 19,014 shares during the last quarter. Deutsche Bank AG acquired a new position in Viking in the first quarter valued at $261,000. Finally, Invesco Ltd. boosted its stake in Viking by 57.8% in the first quarter. Invesco Ltd. now owns 2,114,166 shares of the company’s stock valued at $84,038,000 after acquiring an additional 774,265 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VIK. Wells Fargo & Company boosted their target price on Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Mizuho set a $59.00 price objective on Viking in a research note on Wednesday, November 19th. Truist Financial increased their price objective on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Barclays increased their price target on shares of Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Nine analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Viking presently has an average rating of “Hold” and an average target price of $62.13.

Viking Price Performance

Viking stock opened at $67.07 on Monday. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The business has a 50 day simple moving average of $61.35 and a 200-day simple moving average of $57.87. Viking Holdings Ltd. has a 12 month low of $31.79 and a 12 month high of $68.60. The stock has a market capitalization of $29.72 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 0.77 and a beta of 2.12.

Viking (NYSE:VIK) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. Viking had a net margin of 15.53% and a return on equity of 716.92%. Viking’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. Equities analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

About Viking

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.