Westbourne Investment Advisors Inc. Invests $201,000 in Viking Holdings Ltd. $VIK

Westbourne Investment Advisors Inc. acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,765 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. acquired a new stake in shares of Viking in the 2nd quarter worth $27,000. Private Trust Co. NA purchased a new position in Viking during the second quarter worth about $29,000. Costello Asset Management INC acquired a new stake in Viking in the first quarter valued at about $33,000. Harbour Investments Inc. boosted its holdings in Viking by 37.2% in the 1st quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after purchasing an additional 346 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after purchasing an additional 690 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VIK shares. UBS Group raised their price target on Viking from $55.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Truist Financial raised their target price on Viking from $55.00 to $59.00 and gave the company a “hold” rating in a report on Friday, September 19th. Barclays boosted their target price on shares of Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, October 3rd. Mizuho started coverage on shares of Viking in a report on Friday, October 10th. They issued an “underperform” rating and a $54.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on shares of Viking from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Viking has an average rating of “Moderate Buy” and an average target price of $58.93.

Viking Trading Up 2.2%

Shares of VIK stock opened at $59.66 on Tuesday. The stock has a market cap of $26.44 billion, a P/E ratio of 32.25, a P/E/G ratio of 0.68 and a beta of 2.20. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $65.37. The business has a fifty day simple moving average of $60.88 and a 200-day simple moving average of $55.20.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Viking’s quarterly revenue was up 18.5% on a year-over-year basis. On average, analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Viking Company 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.