ABN Amro Investment Solutions Invests $2.09 Million in Viking Holdings Ltd. $VIK

ABN Amro Investment Solutions bought a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,423 shares of the company’s stock, valued at approximately $2,089,000.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Viking during the 2nd quarter worth approximately $303,000. Daiwa Securities Group Inc. acquired a new position in shares of Viking in the second quarter valued at $922,000. State Street Corp lifted its stake in Viking by 34,748.5% during the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after purchasing an additional 1,806,920 shares during the period. Finally, Nebula Research & Development LLC lifted its holdings in shares of Viking by 275.0% during the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock valued at $1,612,000 after acquiring an additional 22,188 shares during the period. Institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

VIK has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Stifel Nicolaus set a $105.00 target price on Viking in a research report on Friday, May 15th. Wells Fargo & Company raised Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $79.00 to $109.00 in a research report on Monday, May 18th. Rothschild & Co Redburn set a $95.00 target price on Viking and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.39.

Insider Buying and Selling

In other Viking news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $92.85, for a total value of $1,047,997.95. Following the completion of the transaction, the executive vice president directly owned 117,050 shares in the company, valued at approximately $10,868,092.50. This represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 17,566 shares of company stock worth $1,640,166.

Viking Price Performance

VIK opened at $100.87 on Friday. The company has a market capitalization of $44.96 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 1.14 and a beta of 1.48. Viking Holdings Ltd. has a twelve month low of $55.55 and a twelve 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 firm has a 50-day moving average price of $95.18 and a 200-day moving average price of $82.36.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted ($0.24) earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. Equities analysts expect that Viking Holdings Ltd. will post 3.32 EPS for the current year.

Trending Headlines about Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking revealed the names of its next two ocean ships, reinforcing the company’s growth pipeline and ongoing fleet expansion strategy, which can support longer-term revenue visibility. Viking Reveals Names of Its Next Two Ocean Ships
• Neutral Sentiment: Several articles covered a dispute involving a different “Viking ship” tied to the film The Odyssey; this appears unrelated to Viking Holdings’ cruise business and is unlikely to have a meaningful impact on VIK shares. ‘The Odyssey’ Hired Their Viking Ship. They Say It Came Back Damaged.
• Neutral Sentiment: Other history-focused “Viking” stories about ancient burials, treasure, and swords are not related to Viking Holdings’ operations and should not affect the stock. New evidence shows ‘Viking burials’ predate Vikings
• Neutral Sentiment: A cruise-industry note about guests receiving an overbooking offer suggests continued demand management in the sector, but it does not appear to be a major catalyst on its own. Viking Cruise Guests Stunned by Generous Overbooking Offer

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.