Viking Holdings Ltd. $VIK Stock Position Lifted by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership grew its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 33.9% during the third quarter, Holdings Channel.com reports. The firm owned 2,944,248 shares of the company’s stock after buying an additional 745,509 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Viking were worth $183,014,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. TFC Financial Management Inc. bought a new position in Viking in the 3rd quarter valued at about $44,000. Sentry Investment Management LLC bought a new stake in shares of Viking during the 3rd quarter worth about $44,000. Park Place Capital Corp acquired a new stake in shares of Viking in the 3rd quarter worth approximately $58,000. Byrne Asset Management LLC boosted its holdings in shares of Viking by 700.0% in the third quarter. Byrne Asset Management LLC now owns 960 shares of the company’s stock valued at $60,000 after acquiring an additional 840 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Viking in the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Performance

Shares of Viking stock opened at $79.66 on Friday. Viking Holdings Ltd. has a 12 month low of $31.79 and a 12 month high of $81.48. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68. 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 business has a fifty day simple moving average of $73.49 and a 200-day simple moving average of $66.11.

Analysts Set New Price Targets

Several brokerages recently commented on VIK. Bank of America boosted their target price on Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 12th. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a research note on Tuesday, December 9th. JPMorgan Chase & Co. upped their price objective on Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Mizuho set a $59.00 target price on Viking in a report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Eleven 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, the company presently has an average rating of “Moderate Buy” and an average price target of $69.00.

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.