Viking Holdings Ltd. $VIK Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 62.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 32,144 shares of the company’s stock after acquiring an additional 12,347 shares during the period. Osaic Holdings Inc.’s holdings in Viking were worth $1,713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VIK. Bank of New York Mellon Corp grew its stake in Viking by 1,063.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock valued at $15,597,000 after purchasing an additional 267,521 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Viking in the second quarter worth about $3,363,000. US Bancorp DE lifted its holdings in shares of Viking by 43.2% during the second quarter. US Bancorp DE now owns 15,017 shares of the company’s stock worth $800,000 after purchasing an additional 4,529 shares during the period. JPMorgan Chase & Co. boosted its position in Viking by 74.6% in the second quarter. JPMorgan Chase & Co. now owns 1,467,311 shares of the company’s stock valued at $78,193,000 after buying an additional 626,973 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Viking by 400.3% in the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after buying an additional 8,462,947 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research note on Monday, December 22nd. Jefferies Financial Group upgraded shares of Viking from a “hold” rating to a “buy” rating and boosted their target price for the company from $60.00 to $80.00 in a research report on Monday, December 15th. Truist Financial upped their price target on shares of Viking from $59.00 to $61.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Mizuho set a $59.00 price objective on Viking in a research note on Wednesday, November 19th. Finally, Citigroup boosted their price objective on Viking from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, December 12th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Viking Stock Down 0.7%

VIK stock opened at $72.85 on Tuesday. Viking Holdings Ltd. has a one year low of $31.79 and a one year 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 firm’s fifty day moving average is $64.74 and its 200 day moving average is $60.67. The firm has a market cap of $32.28 billion, a PE ratio of 34.04, a P/E/G ratio of 0.84 and a beta of 2.12.

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

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.