Allspring Global Investments Holdings LLC Sells 18,167 Shares of Viking Holdings Ltd. $VIK

Allspring Global Investments Holdings LLC lessened its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,056,805 shares of the company’s stock after selling 18,167 shares during the period. Allspring Global Investments Holdings LLC owned 0.24% of Viking worth $76,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VIK. Invesco Ltd. grew its position in shares of Viking by 32.8% in the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after purchasing an additional 3,471,244 shares during the last quarter. Federated Hermes Inc. grew its holdings in Viking by 381.8% in the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after buying an additional 6,715,666 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Viking by 80.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after buying an additional 3,615,969 shares during the last quarter. Holocene Advisors LP increased its position in Viking by 57.9% in the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after buying an additional 2,092,729 shares during the period. Finally, Norges Bank bought a new position in Viking in the 2nd quarter worth approximately $236,911,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Up 7.2%

VIK opened at $73.37 on Wednesday. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. The firm has a market cap of $32.70 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.26 and a beta of 1.96. Viking Holdings Ltd. has a twelve month low of $31.79 and a twelve month high of $81.48. The firm’s 50-day simple moving average is $73.41 and its 200-day simple moving average is $67.84.

Viking (NYSE:VIK) last posted its earnings results on Saturday, February 14th. The company reported $0.67 earnings per share (EPS) for the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. The company had revenue of $1.72 billion during the quarter. Equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on VIK. Stifel Nicolaus increased their price target on shares of Viking from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Citigroup lifted their price objective on Viking from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Mizuho boosted their price objective on Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, March 5th. The Goldman Sachs Group raised shares of Viking from a “neutral” rating to a “buy” rating and boosted their price target for the company from $66.00 to $78.00 in a report on Tuesday, December 9th. Finally, Barclays increased their price objective on shares of Viking from $63.00 to $77.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 4th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $75.21.

Viking Company 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.