Viking Holdings Ltd. $VIK Stake Boosted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its stake in Viking Holdings Ltd. (NYSE:VIK) by 12.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 686,873 shares of the company’s stock after acquiring an additional 78,380 shares during the period. Stephens Investment Management Group LLC’s holdings in Viking were worth $42,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Congress Asset Management Co. bought a new position in shares of Viking during the 3rd quarter valued at about $65,041,000. Merit Financial Group LLC raised its stake in Viking by 42.6% during the 3rd quarter. Merit Financial Group LLC now owns 27,635 shares of the company’s stock valued at $1,718,000 after purchasing an additional 8,256 shares during the period. Bank of New York Mellon Corp lifted its stake in Viking by 1,063.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock worth $15,597,000 after acquiring an additional 267,521 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Viking during the second quarter valued at approximately $3,363,000. Finally, US Bancorp DE increased its stake in shares of Viking by 43.2% in the second quarter. US Bancorp DE now owns 15,017 shares of the company’s stock worth $800,000 after acquiring an additional 4,529 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Down 1.1%

VIK stock opened at $69.46 on Friday. The stock has a market capitalization of $30.78 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 0.61 and a beta of 2.07. The company has a 50-day moving average of $68.22 and a two-hundred day moving average of $62.65. Viking Holdings Ltd. has a 52-week low of $31.79 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61.

Viking (NYSE:VIK) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Citigroup increased their price objective on Viking from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, December 12th. Mizuho set a $59.00 price objective on Viking in a research note on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average target price of $67.19.

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.