World Investment Advisors Invests $1.15 Million in Viking Holdings Ltd. $VIK

World Investment Advisors purchased a new position in Viking Holdings Ltd. (NYSE:VIK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,123 shares of the company’s stock, valued at approximately $1,151,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VIK. Invesco Ltd. increased its holdings in Viking by 4.1% in the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock worth $1,043,945,000 after acquiring an additional 570,672 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Viking by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock valued at $614,960,000 after purchasing an additional 136,918 shares during the last quarter. Norges Bank bought a new position in Viking during the fourth quarter worth about $372,297,000. AQR Capital Management LLC boosted its holdings in Viking by 316.8% in the 4th quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after buying an additional 3,364,265 shares during the period. Finally, Dream Peak Capital Ltd purchased a new position in Viking in the 4th quarter valued at approximately $223,744,000. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

VIK has been the topic of several recent research reports. Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and increased their target price for the stock from $75.00 to $102.00 in a research report on Friday, May 22nd. Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings lowered Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Loop Capital initiated coverage on shares of Viking in a research note on Monday, June 1st. They issued a “buy” rating and a $108.00 target price on the stock. Finally, Mizuho boosted their price objective on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average price target of $96.38.

More Viking News

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: Several articles referenced “Viking” in unrelated contexts, including the Waterford Viking Marathon, Norwegian “Viking Row” World Cup coverage, and cultural pieces about Viking history; these are not operationally meaningful for Viking Holdings but may create some noise in search and headline sentiment.
• Neutral Sentiment: Market commentary highlighted shipping stocks to watch, which could provide a modest sector tailwind for Viking Holdings if investors are rotating into travel and transportation-related names. Shipping Stocks Worth Watching – June 17th
• Negative Sentiment: Viking Holdings Ltd. was downgraded to Hold by Wall Street Zen, which may pressure the stock slightly by signaling less near-term upside from current levels. Viking (NYSE:VIK) Downgraded by Wall Street Zen to Hold

Insider Activity at Viking

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the sale, the executive vice president owned 420,022 shares of the company’s stock, valued at $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Marnell sold 6,120 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $94.30, for a total transaction of $577,116.00. Following the transaction, the executive vice president owned 110,930 shares in the company, valued at $10,460,699. The trade was a 5.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 92,566 shares of company stock valued at $7,657,130.

Viking Trading Up 0.2%

Shares of VIK stock opened at $97.35 on Monday. The business has a 50-day moving average price of $85.83 and a two-hundred day moving average price of $77.18. Viking Holdings Ltd. has a 12-month low of $47.02 and a 12-month high of $99.00. 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 cap of $43.39 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.59.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate 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 company’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.24) EPS. Equities analysts anticipate that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

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.