Scientech Research LLC Invests $200,000 in Viking Holdings Ltd (NYSE:VIK)

Scientech Research LLC bought a new position in shares of Viking Holdings Ltd (NYSE:VIK) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,902 shares of the company’s stock, valued at approximately $200,000.

A number of other large investors also recently modified their holdings of the stock. Valley Wealth Managers Inc. bought a new position in Viking in the second quarter valued at approximately $35,000. American National Bank acquired a new stake in shares of Viking during the second quarter worth $68,000. O Neil Global Advisors Inc. acquired a new stake in shares of Viking during the second quarter worth $202,000. Hood River Capital Management LLC acquired a new stake in shares of Viking during the second quarter worth $246,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Viking during the second quarter worth $270,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VIK. JPMorgan Chase & Co. boosted their price target on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Bank of America upped their target price on Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley upped their target price on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. Truist Financial initiated coverage on Viking in a report on Friday, June 21st. They set a “hold” rating and a $38.00 target price on the stock. Finally, HSBC initiated coverage on Viking in a report on Tuesday, June 25th. They set a “buy” rating and a $36.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.17.

Viking Stock Performance

Viking stock opened at $34.50 on Wednesday. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $37.25. The company has a 50 day moving average price of $34.01.

Viking (NYSE:VIK) last released its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, analysts anticipate that Viking Holdings Ltd will post 1.13 EPS for the current year.

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.