Dakota Wealth Management Purchases New Shares in Viking Holdings Ltd. $VIK

Dakota Wealth Management acquired a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) during the 3rd quarter, HoldingsChannel reports. The firm acquired 9,260 shares of the company’s stock, valued at approximately $576,000.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Viking by 400.3% in the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock valued at $563,654,000 after purchasing an additional 8,462,947 shares during the last quarter. Federated Hermes Inc. grew its position in Viking by 381.8% in the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after purchasing an additional 6,715,666 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Viking by 80.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after buying an additional 3,615,969 shares during the last quarter. Holocene Advisors LP increased its stake in Viking by 57.9% in the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after buying an additional 2,092,729 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Viking during the 2nd quarter worth approximately $236,911,000. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VIK. Barclays upped their target price on Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Viking in a research note on Monday, December 29th. Wells Fargo & Company raised their target price on Viking from $62.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday. Wall Street Zen downgraded shares of Viking from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, UBS Group increased their price target 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. 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Viking Price Performance

Shares of NYSE VIK opened at $79.66 on Friday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $81.48. The stock has a market cap of $35.30 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 0.69 and a beta of 2.07. The stock has a fifty day moving average of $73.49 and a 200-day moving average of $66.11.

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.