Norges Bank bought a new stake in Viking Holdings Ltd. (NYSE:VIK – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,213,516 shares of the company’s stock, valued at approximately $372,297,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in Viking in the third quarter valued at $26,000. Activest Wealth Management increased its stake in Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares during the last quarter. Finally, CI Investments Inc. increased its stake in Viking by 53.1% in the third quarter. CI Investments Inc. now owns 551 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Viking Price Performance
Shares of NYSE VIK opened at $91.72 on Tuesday. Viking Holdings Ltd. has a 1-year low of $44.11 and a 1-year high of $93.70. The business has a 50-day moving average of $80.40 and a 200-day moving average of $74.30. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. The company has a market capitalization of $40.88 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 1.33 and a beta of 1.59.
Analyst Upgrades and Downgrades
Several research firms recently commented on VIK. The Goldman Sachs Group upped their target price on Viking from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a research report on Sunday. JPMorgan Chase & Co. boosted their price target on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company raised Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $79.00 to $109.00 in a research report on Monday, May 18th. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.80.
Insider Buying and Selling
In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
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.
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