9,688 Shares in Viking Holdings Ltd. $VIK Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,688 shares of the company’s stock, valued at approximately $692,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. boosted its holdings in shares of Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after buying an additional 3,471,244 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Viking by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock worth $614,960,000 after buying an additional 136,918 shares during the period. Norges Bank bought a new stake in shares of Viking during the 4th quarter worth about $372,297,000. Dream Peak Capital Ltd bought a new stake in shares of Viking during the 4th quarter worth about $223,744,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Viking by 33.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,944,248 shares of the company’s stock worth $183,014,000 after buying an additional 745,509 shares during the period. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Viking

In other news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the completion of the sale, the executive vice president owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Viking Stock Performance

Shares of Viking stock opened at $94.65 on Tuesday. The company has a 50 day moving average of $84.11 and a 200-day moving average of $76.36. Viking Holdings Ltd. has a 1-year low of $47.02 and a 1-year high of $96.54. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The company has a market cap of $42.18 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted ($0.24) EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, equities research analysts forecast that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VIK has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Morgan Stanley reissued an “equal weight” rating and issued a $86.00 price objective (up from $81.00) on shares of Viking in a report on Friday, May 15th. Barclays boosted their price objective on shares of Viking from $76.00 to $88.00 and gave the company an “equal weight” rating in a report on Friday, May 15th. Wall Street Zen raised shares of Viking from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company raised shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $79.00 to $109.00 in a report on Monday, May 18th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.38.

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.