Viking Holdings Ltd. $VIK Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 316.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,468 shares of the company’s stock after purchasing an additional 92,289 shares during the period. Envestnet Asset Management Inc.’s holdings in Viking were worth $7,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Money Concepts Capital Corp raised its holdings in Viking by 9.0% during the 3rd quarter. Money Concepts Capital Corp now owns 24,560 shares of the company’s stock worth $1,527,000 after buying an additional 2,019 shares during the period. AGF Management Ltd. acquired a new position in shares of Viking in the third quarter worth about $28,037,000. State of Wyoming increased its position in shares of Viking by 317,200.0% in the third quarter. State of Wyoming now owns 3,173 shares of the company’s stock worth $197,000 after acquiring an additional 3,172 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Viking by 30.2% during the third quarter. Jones Financial Companies Lllp now owns 11,281 shares of the company’s stock valued at $680,000 after acquiring an additional 2,617 shares during the period. Finally, Atlatl Advisers LLC raised its holdings in shares of Viking by 15.7% during the third quarter. Atlatl Advisers LLC now owns 6,195 shares of the company’s stock valued at $385,000 after acquiring an additional 840 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on VIK. Citigroup lifted their price objective on shares of Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and raised their target price for the stock from $66.00 to $78.00 in a research report on Tuesday, December 9th. Bank of America upped their price target on Viking from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Morgan Stanley increased their price objective on Viking from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Finally, Mizuho set a $59.00 target price on Viking in a research note on Wednesday, November 19th. Eleven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Viking Stock Performance

Shares of VIK stock opened at $78.79 on Friday. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $79.62. The stock’s 50-day moving average is $72.85 and its two-hundred day moving average is $65.53. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The firm has a market cap of $34.91 billion, a P/E ratio of 36.82, a PEG ratio of 0.67 and a beta of 2.07.

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

About Viking

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.