Allspring Global Investments Holdings LLC Has $76.38 Million Stock Holdings in Viking Holdings Ltd. $VIK

Allspring Global Investments Holdings LLC trimmed its position in Viking Holdings Ltd. (NYSE:VIK) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,056,805 shares of the company’s stock after selling 18,167 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Viking were worth $76,375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Viking by 400.3% in the 2nd 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. raised its position in shares of Viking by 381.8% in the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after acquiring an additional 6,715,666 shares during the period. Norges Bank bought a new position in Viking during the 2nd quarter worth approximately $236,911,000. Massachusetts Financial Services Co. MA grew its holdings in Viking by 80.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after purchasing an additional 3,615,969 shares during the period. Finally, Dream Peak Capital Ltd bought a new stake in Viking in the fourth quarter valued at approximately $223,744,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a research report on Monday, December 29th. Citigroup lifted their target price on Viking from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Finally, The Goldman Sachs Group upgraded shares of Viking from a “neutral” rating to a “buy” rating and upped their price target for the company from $66.00 to $78.00 in a report on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.21.

Viking Stock Up 7.2%

Shares of VIK stock opened at $73.37 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 4.76. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $81.48. The firm’s fifty day moving average price is $73.41 and its two-hundred day moving average price is $67.84. The firm has a market capitalization of $32.70 billion, a P/E ratio of 28.55, a PEG ratio of 1.26 and a beta of 1.96.

Viking (NYSE:VIK) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.67 EPS for the quarter. The company had revenue of $1.72 billion during the quarter. Viking had a net margin of 17.65% and a return on equity of 240.75%. On average, equities analysts predict that Viking Holdings Ltd. will post 1.49 EPS 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.