Thrivent Financial for Lutherans Takes Position in Viking Holdings Ltd. $VIK

Thrivent Financial for Lutherans purchased a new stake in shares of Viking Holdings Ltd. (NYSE:VIK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,587,517 shares of the company’s stock, valued at approximately $113,364,000.

Several other institutional investors have also recently made changes to their positions in VIK. Federated Hermes Inc. raised its position in shares of Viking by 381.8% during the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after buying an additional 6,715,666 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Viking by 80.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock valued at $504,601,000 after buying an additional 3,615,969 shares during the period. Invesco Ltd. raised its position in shares of Viking by 32.8% during the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after buying an additional 3,471,244 shares during the period. Dream Peak Capital Ltd purchased a new stake in shares of Viking during the 4th quarter valued at approximately $223,744,000. Finally, State Street Corp increased its holdings in Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Key Headlines Impacting Viking

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Viking reported a smaller-than-expected Q1 loss of $0.11 per share versus the $0.12 consensus, while revenue of $1.05 billion topped estimates of $1.01 billion and rose 17.5% year over year. Viking quarterly earnings report
• Positive Sentiment: Multiple reports said the company is “well positioned” for 2027 because of strong advance bookings, which suggests healthy future revenue visibility and supports the upbeat stock reaction. Strong advanced bookings article
• Positive Sentiment: Viking also announced a leadership transition, with Leah Talactac becoming CEO and Torstein Hagen moving to executive chairman, which the market appears to view as a continuity-focused move rather than a disruption. CEO transition article
• Neutral Sentiment: Transcript and earnings-snapshot coverage added detail on margins, booking trends, and management commentary, but did not introduce a major new catalyst beyond the earnings beat and leadership change. Earnings call transcript

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VIK shares. Truist Financial lifted their target price on shares of Viking from $61.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, March 24th. Morgan Stanley lifted their target price on shares of Viking from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday. UBS Group lifted their target price on shares of Viking from $79.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Wells Fargo & Company lifted their target price on shares of Viking from $78.00 to $79.00 and gave the company a “cautious” rating in a report on Wednesday, April 15th. Finally, Stifel Nicolaus lifted their target price on shares of Viking from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Eleven analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.29.

Viking Stock Up 5.5%

Viking stock opened at $86.70 on Friday. Viking Holdings Ltd. has a fifty-two week low of $42.20 and a fifty-two week high of $92.00. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. The firm has a 50 day moving average price of $76.64 and a 200 day moving average price of $71.94. The company has a market capitalization of $38.64 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.51 and a beta of 1.57.

Viking (NYSE:VIK) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Viking had a net margin of 17.65% and a return on equity of 240.75%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Research analysts expect that Viking Holdings Ltd. will post 3.31 earnings per share for the current year.

Insider Activity at Viking

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the transaction, the executive vice president owned 420,022 shares in the company, valued at $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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.