Bessemer Group Inc. Has $1.50 Million Holdings in Viking Holdings Ltd. $VIK

Bessemer Group Inc. lessened its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 49.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 20,424 shares of the company’s stock after selling 19,889 shares during the period. Bessemer Group Inc.’s holdings in Viking were worth $1,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Viking in the 3rd quarter valued at about $26,000. Activest Wealth Management grew its stake in Viking by 19,500.0% during the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after purchasing an additional 390 shares during the period. Bank of Jackson Hole Trust bought a new stake in Viking in the fourth quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its holdings in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VIK shares. The Goldman Sachs Group increased their price target on Viking from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial upgraded shares of Viking from a “hold” rating to a “buy” rating and boosted their target price for the company from $75.00 to $102.00 in a research report on Friday, May 22nd. Jefferies Financial Group boosted their target price on shares of Viking from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Loop Capital initiated coverage on shares of Viking in a research note on Monday, June 1st. They set a “buy” rating and a $108.00 target price on the stock. Finally, Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $79.00 to $109.00 in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.39.

Viking Price Performance

Shares of VIK opened at $100.44 on Thursday. The business’s fifty day moving average is $94.57 and its 200 day moving average is $82.04. Viking Holdings Ltd. has a 12-month low of $55.55 and a 12-month high of $105.76. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The stock has a market cap of $44.77 billion, a P/E ratio of 37.34, a P/E/G ratio of 1.14 and a beta of 1.48.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS 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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business posted ($0.24) EPS. Viking’s quarterly revenue was up 17.5% on a year-over-year basis. Sell-side analysts anticipate that Viking Holdings Ltd. will post 3.32 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Richard Marnell sold 11,287 shares of the business’s stock in a transaction dated 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. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 17,566 shares of company stock worth $1,640,166 in the last ninety days.

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.