Norden Group LLC Takes $449,000 Position in Viking Holdings Ltd. $VIK

Norden Group LLC purchased a new stake in Viking Holdings Ltd. (NYSE:VIK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,229 shares of the company’s stock, valued at approximately $449,000.

Several other institutional investors have also recently bought and sold shares of VIK. Farther Finance Advisors LLC lifted its holdings in Viking by 46.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,302 shares of the company’s stock worth $205,000 after buying an additional 1,052 shares in the last quarter. S.A. Mason LLC acquired a new position in shares of Viking during the third quarter valued at $124,000. Legacy Wealth Asset Management LLC acquired a new position in shares of Viking during the third quarter valued at $348,000. Congress Asset Management Co. bought a new position in Viking in the third quarter valued at about $65,041,000. Finally, Harbour Capital Advisors LLC increased its position in Viking by 10.0% in the third quarter. Harbour Capital Advisors LLC now owns 16,700 shares of the company’s stock worth $994,000 after purchasing an additional 1,520 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

VIK has been the topic of a number of research reports. UBS Group upped their target price on shares of Viking from $69.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Wells Fargo & Company increased their price objective on shares of Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. The Goldman Sachs Group raised shares of Viking from a “neutral” rating to a “buy” rating and raised their price objective for the company from $66.00 to $78.00 in a research note on Tuesday, December 9th. Mizuho set a $59.00 target price on shares of Viking in a report on Wednesday, November 19th. Finally, Truist Financial upped their target price on shares of Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Viking Stock Up 0.7%

Shares of NYSE VIK opened at $73.35 on Friday. 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 quick ratio of 0.61 and a current ratio of 0.63. The stock has a market cap of $32.50 billion, a P/E ratio of 34.28, a P/E/G ratio of 0.84 and a beta of 2.12. The firm has a 50 day moving average price of $64.50 and a 200 day moving average price of $60.40.

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