Viking Holdings Ltd. $VIK Stock Position Increased by 140 Summer Partners LP

140 Summer Partners LP grew its holdings in Viking Holdings Ltd. (NYSE:VIK) by 7.5% during the 4th quarter, Holdings Channel reports. The firm owned 942,526 shares of the company’s stock after buying an additional 65,782 shares during the period. Viking comprises approximately 5.0% of 140 Summer Partners LP’s investment portfolio, making the stock its 10th biggest holding. 140 Summer Partners LP’s holdings in Viking were worth $67,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Invesco Ltd. raised its position 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 purchasing an additional 3,471,244 shares during the last quarter. Federated Hermes Inc. increased its position in Viking by 1.6% during the fourth 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 in the last quarter. Norges Bank acquired a new position in shares of Viking in the fourth quarter worth $372,297,000. Dream Peak Capital Ltd purchased a new stake in shares of Viking in the fourth quarter valued at $223,744,000. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Viking by 33.9% during the third quarter. Artisan Partners Limited Partnership now owns 2,944,248 shares of the company’s stock valued at $183,014,000 after acquiring an additional 745,509 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Trading Down 0.6%

Shares of VIK opened at $94.29 on Wednesday. Viking Holdings Ltd. has a twelve month low of $47.02 and a twelve month high of $96.54. The firm has a market capitalization of $42.02 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. 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 stock’s fifty day simple moving average is $84.50 and its 200 day simple moving average is $76.55.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company posted ($0.24) earnings per share. Viking’s revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts forecast that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on VIK shares. Mizuho upped their target price on shares of Viking from $69.00 to $75.00 and gave the company an “underperform” 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 research note on Monday, June 8th. Citigroup reissued a “buy” rating on shares of Viking in a research note on Friday, May 15th. Morgan Stanley restated an “equal weight” rating and set a $86.00 price objective (up from $81.00) on shares of Viking in a report on Friday, May 15th. Finally, Wells Fargo & Company upgraded Viking from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $79.00 to $109.00 in a research note on Monday, May 18th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and a consensus price target of $96.38.

Insider Buying and Selling

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value 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 $33,698,365.06. This trade represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Marnell sold 11,287 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the completion of the sale, the executive vice president directly owned 117,050 shares of the company’s stock, valued at $10,868,092.50. This trade represents a 8.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 92,566 shares of company stock valued at $7,657,130.

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.