Colonial Trust Advisors Increases Stake in Viking Holdings Ltd. $VIK

Colonial Trust Advisors increased its stake in Viking Holdings Ltd. (NYSE:VIK) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,790 shares of the company’s stock after acquiring an additional 10,175 shares during the period. Colonial Trust Advisors’ holdings in Viking were worth $5,208,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group upgraded Viking from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $66.00 to $78.00 in a report on Tuesday, December 9th. Truist Financial lifted their price target on shares of Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Mizuho set a $59.00 price objective on shares of Viking in a research report on Wednesday, November 19th. Morgan Stanley raised their target price on shares of Viking from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed 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 given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Viking Price Performance

Shares of VIK stock opened at $77.21 on Wednesday. The firm has a fifty day simple moving average of $73.10 and a 200-day simple moving average of $65.92. The company has a market capitalization of $34.21 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 0.67 and a beta of 2.07. Viking Holdings Ltd. has a twelve month low of $31.79 and a twelve month high of $79.62. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68.

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.