362,579 Shares in Viking Holdings Ltd. $VIK Bought by Bank of Nova Scotia

Bank of Nova Scotia purchased a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 362,579 shares of the company’s stock, valued at approximately $22,538,000. Bank of Nova Scotia owned 0.08% of Viking as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VIK. Y Intercept Hong Kong Ltd acquired a new stake in shares of Viking during the 3rd quarter valued at about $989,000. Congress Asset Management Co. acquired a new position in Viking in the 3rd quarter worth about $65,041,000. Merit Financial Group LLC boosted its position in Viking by 42.6% during the third 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 in the last quarter. Diversified Trust Co purchased a new position in Viking during the third quarter worth approximately $1,258,000. Finally, JPMorgan Chase & Co. grew its holdings in 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. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays boosted their price objective on Viking from $63.00 to $77.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price target on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Morgan Stanley boosted their price target on shares of Viking from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Stifel Nicolaus upped their price objective on shares of Viking from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Citigroup increased their price objective on shares of Viking from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.

Viking Price Performance

Shares of Viking stock opened at $71.25 on Tuesday. The stock has a market capitalization of $31.76 billion, a P/E ratio of 27.73, a PEG ratio of 1.26 and a beta of 1.96. The business has a 50 day simple moving average of $73.43 and a two-hundred day simple moving average of $67.23. Viking Holdings Ltd. has a 12 month low of $31.79 and a 12 month high of $81.48. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.79 and a quick ratio of 0.77.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. Viking had a return on equity of 240.75% and a net margin of 17.65%.The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. As a group, analysts predict that Viking Holdings Ltd. will post 1.49 EPS 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.