Viking Holdings Ltd. $VIK Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. reduced its position in Viking Holdings Ltd. (NYSE:VIK) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 920,208 shares of the company’s stock after selling 126,139 shares during the quarter. Congress Asset Management Co. owned approximately 0.21% of Viking worth $65,712,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Viking by 352.7% in the 4th quarter. SG Americas Securities LLC now owns 213,081 shares of the company’s stock worth $15,216,000 after acquiring an additional 166,007 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Viking during the 4th quarter valued at approximately $42,000. Wealth Enhancement Advisory Services LLC bought a new position in Viking during the fourth quarter worth $3,645,000. NorthCrest Asset Manangement LLC bought a new position in Viking during the fourth quarter worth $654,000. Finally, Park Avenue Securities LLC boosted its holdings in Viking by 2.7% in the fourth quarter. Park Avenue Securities LLC now owns 6,733 shares of the company’s stock worth $481,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Performance

VIK opened at $71.93 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. The business’s 50 day moving average is $73.23 and its 200-day moving average is $67.51. The stock has a market cap of $32.06 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.25 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.

Viking (NYSE:VIK) last posted its earnings results on Tuesday, March 3rd. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Viking had a return on equity of 240.75% and a net margin of 17.65%.The firm’s revenue was up 27.8% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, analysts predict that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

VIK has been the subject of several recent research reports. 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 research note on Monday, January 12th. Citigroup raised their price target on shares of Viking from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Mizuho boosted their price objective on shares of Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Viking from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. 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. According to MarketBeat, Viking has a consensus rating of “Moderate Buy” and a consensus target price of $72.40.

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.