Dakota Wealth Management Takes $576,000 Position in Viking Holdings Ltd. $VIK

Dakota Wealth Management acquired a new position in Viking Holdings Ltd. (NYSE:VIK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,260 shares of the company’s stock, valued at approximately $576,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Viking in the 3rd quarter valued at about $989,000. Congress Asset Management Co. acquired a new position in shares of Viking in the third quarter worth approximately $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 acquired a new stake in Viking during the 3rd quarter valued at approximately $1,258,000. Finally, JPMorgan Chase & Co. increased its position in Viking by 74.6% during the 2nd 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. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VIK shares. The Goldman Sachs Group upgraded shares of Viking from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $66.00 to $78.00 in a research report on Tuesday, December 9th. Bank of America boosted their target price on shares of Viking from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 12th. Citigroup increased their price target on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Jefferies Financial Group raised Viking from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Finally, UBS Group upped their target price on Viking from $69.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Viking Trading Up 0.6%

NYSE:VIK opened at $79.66 on Friday. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. Viking Holdings Ltd. has a one year low of $31.79 and a one year high of $81.48. The company has a market cap of $35.30 billion, a PE ratio of 37.22, a PEG ratio of 0.69 and a beta of 2.07. The firm has a 50-day moving average of $73.49 and a 200-day moving average of $66.11.

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.