Viking Holdings Ltd. $VIK Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in Viking Holdings Ltd. (NYSE:VIK) by 19.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 581,948 shares of the company’s stock after buying an additional 96,166 shares during the period. The Manufacturers Life Insurance Company’s holdings in Viking were worth $42,762,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Activest Wealth Management raised its stake in Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Viking during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC grew its holdings in shares of Viking by 316.0% during 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 during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after purchasing an additional 365 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Viking in the 3rd quarter valued at about $26,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VIK shares. Morgan Stanley raised their price target on Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $102.00 in a research note on Friday, May 22nd. Stifel Nicolaus set a $105.00 price objective on Viking in a report on Friday, May 15th. Rothschild & Co Redburn set a $95.00 target price on shares of Viking and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, Mizuho lifted 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.39.

Viking Stock Performance

NYSE VIK opened at $104.38 on Friday. The firm has a market cap of $46.52 billion, a P/E ratio of 38.80, a P/E/G ratio of 1.18 and a beta of 1.48. Viking Holdings Ltd. has a 52-week low of $55.55 and a 52-week high of $105.76. The business’s 50-day moving average price is $96.76 and its 200 day moving average price is $83.29. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27.

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

Insider Activity

In other news, EVP Richard Marnell sold 11,287 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was 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 owned 117,050 shares in the company, valued at $10,868,092.50. This represents a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 17,566 shares of company stock valued at $1,640,166 over the last quarter.

More Viking News

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Fleet expansion strengthens capacity. Viking took delivery of the 190-guest Viking Dagur, a new Viking Longship that will operate on the Rhine, Main and Danube rivers. The addition supports Viking’s European capacity and long-term itinerary growth. Viking Takes Delivery of Newest River Ship in Europe
• Positive Sentiment: Viking is targeting Chinese-speaking travelers. The company plans its first Chinese-language journeys in Northern Europe, broadening its addressable customer base and potentially improving international demand and occupancy. Viking: First Chinese-Language Journeys for Northern Europe
• Neutral Sentiment: Investors should distinguish Viking Holdings from Viking Therapeutics. An article discussing oral VK2735 and a potential Phase III trial concerns Viking Therapeutics, Inc. (NASDAQ: VKTX), not Viking Holdings (NYSE: VIK), and therefore does not represent a catalyst for VIK. Viking expects oral VK2735 Phase III start
• Negative Sentiment: Low water levels caused a river ship to run aground on the Danube in Bulgaria. Travelers were reportedly evacuated, creating potential disruption, reimbursement and reputational risks. The incident appears weather- or water-condition-related, but repeated coverage could weigh on near-term sentiment and highlights operating risks for European river itineraries. Viking ship runs aground in Europe due to low water levels

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.