Bank of New York Mellon Corp Trims Stock Position in Viking Holdings Ltd. $VIK

Bank of New York Mellon Corp lessened its stake in Viking Holdings Ltd. (NYSE:VIK) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,313 shares of the company’s stock after selling 56,820 shares during the period. Bank of New York Mellon Corp owned 0.11% of Viking worth $36,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Viking in the fourth quarter valued at approximately $372,297,000. Invesco Ltd. boosted its holdings 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 acquiring an additional 3,471,244 shares during the period. AQR Capital Management LLC grew its position in shares of Viking by 316.8% during the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after acquiring an additional 3,364,265 shares during the last quarter. State Street Corp grew its position in shares of Viking by 34,748.5% during the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after acquiring an additional 1,806,920 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Viking in the 4th quarter valued at $113,364,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Transactions at Viking

In other Viking news, EVP Richard Marnell sold 11,287 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the sale, the executive vice president directly owned 117,050 shares of the company’s stock, valued at $10,868,092.50. This trade represents a 8.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 17,566 shares of company stock valued at $1,640,166.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking revealed the names of its next two ocean ships, reinforcing the company’s growth pipeline and ongoing fleet expansion strategy, which can support longer-term revenue visibility. Viking Reveals Names of Its Next Two Ocean Ships
• Neutral Sentiment: Several articles covered a dispute involving a different “Viking ship” tied to the film The Odyssey; this appears unrelated to Viking Holdings’ cruise business and is unlikely to have a meaningful impact on VIK shares. ‘The Odyssey’ Hired Their Viking Ship. They Say It Came Back Damaged.
• Neutral Sentiment: Other history-focused “Viking” stories about ancient burials, treasure, and swords are not related to Viking Holdings’ operations and should not affect the stock. New evidence shows ‘Viking burials’ predate Vikings
• Neutral Sentiment: A cruise-industry note about guests receiving an overbooking offer suggests continued demand management in the sector, but it does not appear to be a major catalyst on its own. Viking Cruise Guests Stunned by Generous Overbooking Offer

Wall Street Analysts Forecast Growth

VIK has been the topic of several recent research reports. Morgan Stanley boosted their price target on Viking from $86.00 to $93.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Truist Financial raised Viking from a “hold” rating to a “buy” rating and raised their target price for the company from $75.00 to $102.00 in a report on Friday, May 22nd. The Goldman Sachs Group boosted their price target on Viking from $95.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein began coverage on shares of Viking in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $120.00 price objective on the stock. Finally, Rothschild & Co Redburn set a $95.00 target price on shares of Viking and gave the company a “buy” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and an average price target of $103.39.

Viking Stock Performance

NYSE VIK opened at $100.87 on Friday. Viking Holdings Ltd. has a fifty-two week low of $55.55 and a fifty-two week high of $105.76. The stock has a market cap of $44.96 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.48. The business has a fifty day moving average of $95.18 and a 200-day moving average of $82.36. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.24) earnings per share. As a group, analysts predict that Viking Holdings Ltd. will post 3.32 earnings per share for the current fiscal 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.