Viking Holdings Ltd. $VIK Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 4.4% during the second quarter, HoldingsChannel reports. The fund owned 1,759,101 shares of the company’s stock after buying an additional 74,601 shares during the period. Federated Hermes Inc.’s holdings in Viking were worth $93,742,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Pittenger & Anderson Inc. acquired a new stake in Viking in the second quarter valued at $27,000. Private Trust Co. NA purchased a new position in shares of Viking in the 2nd quarter valued at about $29,000. Harbour Investments Inc. lifted its stake in shares of Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after purchasing an additional 346 shares during the period. NewEdge Advisors LLC boosted its holdings in Viking by 92.0% during the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its position in Viking by 20.1% during the second quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock worth $106,000 after buying an additional 332 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VIK. Weiss Ratings reiterated a “hold (c+)” rating on shares of Viking in a research report on Monday, December 1st. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. UBS Group boosted their target price on Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus raised their price target on Viking from $50.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, Truist Financial lifted their price target on Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a research note on Tuesday, December 2nd. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Viking has an average rating of “Hold” and a consensus target price of $62.13.

Viking Price Performance

Shares of NYSE:VIK opened at $67.07 on Monday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. The business’s fifty day moving average price is $61.35 and its two-hundred day moving average price is $57.87. The stock has a market cap of $29.72 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 0.77 and a beta of 2.12. Viking Holdings Ltd. has a one year low of $31.79 and a one year high of $68.60.

Viking (NYSE:VIK) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The business’s revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 earnings per share. On average, analysts forecast that Viking Holdings Ltd. will post 1.49 EPS 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.