Viking Holdings Ltd. $VIK Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 316.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,468 shares of the company’s stock after purchasing an additional 92,289 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Viking were worth $7,550,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VIK. Y Intercept Hong Kong Ltd bought a new position in shares of Viking during the third quarter worth about $989,000. Congress Asset Management Co. acquired a new position in Viking during the 3rd quarter valued at about $65,041,000. Merit Financial Group LLC grew its position in Viking by 42.6% in the 3rd quarter. Merit Financial Group LLC now owns 27,635 shares of the company’s stock worth $1,718,000 after purchasing an additional 8,256 shares during the last quarter. Diversified Trust Co bought a new position in Viking in the 3rd quarter worth about $1,258,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Viking by 74.6% in the second quarter. JPMorgan Chase & Co. now owns 1,467,311 shares of the company’s stock valued at $78,193,000 after purchasing an additional 626,973 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VIK. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $78.00 in a report on Tuesday, December 9th. Mizuho set a $59.00 price target on Viking in a research report on Wednesday, November 19th. JPMorgan Chase & Co. raised their price target on Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Viking Trading Up 2.3%

Shares of VIK stock opened at $78.79 on Friday. The stock has a 50-day simple moving average of $72.85 and a 200 day simple moving average of $65.53. The stock has a market capitalization of $34.91 billion, a P/E ratio of 36.82, a P/E/G ratio of 0.67 and a beta of 2.07. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $79.62. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68.

Viking (NYSE:VIK) last issued its quarterly earnings results 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. Viking had a net margin of 15.53% and a return on equity of 716.92%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the company earned $0.89 EPS. Viking’s revenue was up 19.1% on a year-over-year basis. On average, sell-side analysts expect that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal 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.