Viking Holdings Ltd (NYSE:VIK) Position Lowered by Seven Grand Managers LLC

Seven Grand Managers LLC trimmed its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 38.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 200,000 shares of the company’s stock after selling 125,000 shares during the period. Viking comprises 4.0% of Seven Grand Managers LLC’s holdings, making the stock its 5th biggest position. Seven Grand Managers LLC’s holdings in Viking were worth $8,812,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Capital Research Global Investors raised its holdings in shares of Viking by 26.0% during the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock worth $532,511,000 after acquiring an additional 2,492,724 shares in the last quarter. Norges Bank bought a new stake in Viking in the fourth quarter worth $245,038,000. Millennium Management LLC raised its stake in Viking by 580.0% during the fourth quarter. Millennium Management LLC now owns 2,190,947 shares of the company’s stock valued at $96,533,000 after purchasing an additional 1,868,733 shares in the last quarter. Renaissance Technologies LLC lifted its position in Viking by 150.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company’s stock valued at $92,319,000 after purchasing an additional 1,258,005 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Viking by 4.0% during the fourth quarter. Federated Hermes Inc. now owns 1,684,500 shares of the company’s stock valued at $74,219,000 after purchasing an additional 64,500 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VIK shares. JPMorgan Chase & Co. boosted their target price on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. BNP Paribas started coverage on Viking in a research note on Thursday, March 27th. They set an “outperform” rating and a $47.00 price objective on the stock. Morgan Stanley lowered their price objective on Viking from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. UBS Group lifted their target price on Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group began coverage on Viking in a report on Monday, March 31st. They set a “hold” rating and a $45.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $46.89.

Viking Trading Down 1.4%

NYSE:VIK opened at $46.19 on Friday. The company has a market cap of $19.93 billion and a price-to-earnings ratio of 177.65. Viking Holdings Ltd has a twelve month low of $27.93 and a twelve month high of $53.14. The stock has a fifty day simple moving average of $40.64 and a 200-day simple moving average of $44.34.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. The firm’s revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts predict that Viking Holdings Ltd will post 1.49 EPS 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.