Dakota Wealth Management Has $1.97 Million Position in Viking Holdings Ltd. $VIK

Dakota Wealth Management boosted its position in Viking Holdings Ltd. (NYSE:VIK) by 197.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,526 shares of the company’s stock after buying an additional 18,266 shares during the quarter. Dakota Wealth Management’s holdings in Viking were worth $1,966,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of VIK. Invesco Ltd. boosted its holdings in Viking by 400.3% during the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after purchasing an additional 8,462,947 shares during the last quarter. Federated Hermes Inc. lifted its position in Viking by 381.8% during the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after buying an additional 6,715,666 shares in the last quarter. Norges Bank acquired a new position in shares of Viking during the 2nd quarter worth about $236,911,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Viking by 80.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after buying an additional 3,615,969 shares during the last quarter. Finally, Dream Peak Capital Ltd bought a new position in shares of Viking in the 4th quarter valued at about $223,744,000. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Viking from $82.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Jefferies Financial Group upgraded Viking from a “hold” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $80.00 in a research note on Monday, December 15th. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Citigroup raised their target price on shares of Viking from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.21.

Viking Trading Down 4.2%

VIK stock opened at $68.57 on Friday. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $81.48. The company’s 50-day simple moving average is $73.33 and its 200 day simple moving average is $67.72. The company has a market capitalization of $30.56 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79.

Viking (NYSE:VIK) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The company had revenue of $1.72 billion for the quarter. As a group, sell-side analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current 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.