Sumitomo Mitsui Trust Group Inc. Has $2.57 Million Stake in Viking Holdings Ltd. $VIK

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,996 shares of the company’s stock after purchasing an additional 7,776 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Viking were worth $2,572,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Viking during the 4th quarter worth $372,297,000. Invesco Ltd. boosted its position in shares of Viking by 32.8% in the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after acquiring an additional 3,471,244 shares during the period. AQR Capital Management LLC grew its stake in shares of Viking by 316.8% in the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after acquiring an additional 3,364,265 shares in the last quarter. Dream Peak Capital Ltd bought a new position in Viking during the fourth quarter worth about $223,744,000. Finally, State Street Corp raised its stake in Viking by 34,748.5% in the 2nd 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 in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Viking news, EVP Richard Marnell sold 6,120 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the sale, the executive vice president owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. This trade represents a 5.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 17,566 shares of company stock valued at $1,640,166 over the last ninety days.

Viking Trading Up 0.6%

Shares of VIK stock opened at $98.22 on Thursday. Viking Holdings Ltd. has a twelve month low of $55.55 and a twelve month high of $105.76. The stock’s fifty day simple moving average is $92.93 and its 200 day simple moving average is $81.11. 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 market capitalization of $43.78 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.41 and a beta of 1.48.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.24) EPS. As a group, sell-side analysts predict that Viking Holdings Ltd. will post 3.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Susquehanna increased their target price on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. BMO Capital Markets started coverage on shares of Viking in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $115.00 price target for the company. Wells Fargo & Company upgraded Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $79.00 to $109.00 in a research note on Monday, May 18th. Citigroup reissued a “buy” rating on shares of Viking in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. raised their price objective on Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and an average price target of $100.17.

Viking 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.