Curated Wealth Partners LLC acquired a new stake in shares of Viking Holdings Ltd. (NYSE:VIK – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm acquired 8,812 shares of the company’s stock, valued at approximately $690,000.
Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Viking by 654.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock valued at $644,556,000 after purchasing an additional 5,341,580 shares in the last quarter. Bank of America Corp DE grew its position in Viking by 41.0% during the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock worth $163,661,000 after acquiring an additional 647,606 shares during the last quarter. Evercore Wealth Management LLC boosted its stake in shares of Viking by 0.9% during the first quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock valued at $122,874,000 after purchasing an additional 14,465 shares in the last quarter. Amundi boosted its stake in shares of Viking by 31.7% during the first quarter. Amundi now owns 682,068 shares of the company’s stock valued at $50,118,000 after purchasing an additional 164,001 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Viking by 19.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 581,948 shares of the company’s stock valued at $42,762,000 after buying an additional 96,166 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.
Trending Headlines about Viking
Here are the key news stories impacting Viking this week:
- Neutral Sentiment: A travel feature highlighted Viking River Cruises’ onboard alcohol policy, including unlimited alcohol and no corkage fee. The article may provide modest brand exposure and reinforce Viking’s premium cruise positioning, but it contains no new financial outlook, booking data, pricing update, or other information likely to materially affect valuation. Viking River Cruises allow unlimited alcohol onboard – and there’s no corkage fee
- Neutral Sentiment: Several reports covered Viking FK’s unexpected result against Bayern Munich in soccer, including match analysis, livestream information, player ratings, and criticism of conduct during the game. Viking FK is a Norwegian football club and is unrelated to Viking Holdings Ltd.; therefore, these stories should not be treated as catalysts for VIK shares. Champions League scores Viking vs. Bayern Munich Live Today Viking shock for Bayern Munich Bayern Munich player ratings vs Viking What was the biggest factor in Bayern Munich dropping points Bodø/Glimt star comments Viking vs. Bayern Munich livestream
- Neutral Sentiment: The remaining articles discuss Viking-era warriors, human remains, and an alleged Viking raid. They have no connection to Viking Holdings’ cruise operations or financial performance and should have no meaningful effect on VIK. Story of Viking warrior Ulf of Borresta Human bones found in Viking homes Mass grave linked to a Viking raid
Wall Street Analyst Weigh In
A number of research firms have commented on VIK. BNP Paribas Exane reiterated an “outperform” rating and issued a $121.00 price target (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. BMO Capital Markets restated an “outperform” rating on shares of Viking in a report on Wednesday, August 26th. Weiss Ratings raised Viking from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. UBS Group restated a “buy” rating on shares of Viking in a report on Wednesday, September 30th. Finally, Morgan Stanley raised their price target on shares of Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.83.
Check Out Our Latest Research Report on VIK
Viking Price Performance
Shares of NYSE:VIK opened at $84.11 on Friday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.79 and a current ratio of 0.81. The company has a market capitalization of $37.49 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 1.00 and a beta of 1.47. The company’s 50-day moving average is $87.30 and its 200 day moving average is $89.46. Viking Holdings Ltd. has a fifty-two week low of $56.37 and a fifty-two week high of $110.09.
Viking (NYSE:VIK – Get Free Report) last issued its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. On average, equities research analysts forecast that Viking Holdings Ltd. will post 3.14 earnings per share for the current year.
Insiders Place Their Bets
In other news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $85.57, for a total value of $1,711,400.00. Following the sale, the executive vice president directly owned 585,571 shares of the company’s stock, valued at approximately $50,107,310.47. This represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
About Viking
Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-based experiences.
Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the Mississippi River in the United States.
Further Reading
- Five stocks we like better than Viking
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Want to see what other hedge funds are holding VIK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viking Holdings Ltd. (NYSE:VIK – Free Report).
Receive News & Ratings for Viking Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viking and related companies with MarketBeat.com's FREE daily email newsletter.
