Envestnet Asset Management Inc. Makes New $1.09 Million Investment in Viking Holdings Ltd. (NYSE:VIK)

Envestnet Asset Management Inc. purchased a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,413 shares of the company’s stock, valued at approximately $1,090,000.

A number of other institutional investors have also recently made changes to their positions in VIK. Select Equity Group L.P. boosted its stake in Viking by 26.9% during the 4th quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock valued at $761,353,000 after purchasing an additional 3,658,225 shares during the last quarter. Capital Research Global Investors boosted its position in shares of Viking by 26.0% during the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock valued at $532,511,000 after buying an additional 2,492,724 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Viking by 1,972.0% during the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock valued at $105,092,000 after buying an additional 2,270,075 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Viking by 4,840.2% in the 4th quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company’s stock worth $102,303,000 after buying an additional 2,274,900 shares in the last quarter. Finally, Millennium Management LLC raised its position in Viking by 580.0% in the 4th quarter. Millennium Management LLC now owns 2,190,947 shares of the company’s stock worth $96,533,000 after buying an additional 1,868,733 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Stock Down 2.0%

NYSE VIK opened at $57.57 on Friday. Viking Holdings Ltd. has a 52 week low of $30.56 and a 52 week high of $59.97. The company has a market capitalization of $25.51 billion, a P/E ratio of 46.80, a price-to-earnings-growth ratio of 0.69 and a beta of 2.38. The stock’s 50-day moving average price is $52.38 and its 200-day moving average price is $47.13.

Viking (NYSE:VIK) last released its earnings results on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to analysts’ expectations of $841.18 million. Viking had a net margin of 9.60% and a negative return on equity of 128.44%. The firm’s revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the business earned ($1.21) EPS. Research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VIK. Bank of America raised their price target on shares of Viking from $51.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Barclays raised their target price on shares of Viking from $45.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. The Goldman Sachs Group decreased their target price on shares of Viking from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus set a $50.00 price target on Viking and gave the company a “buy” rating in a report on Wednesday, May 21st. Finally, Jefferies Financial Group lifted their price objective on Viking from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.33.

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.