Viking Holdings Ltd. $VIK Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC increased its position in Viking Holdings Ltd. (NYSE:VIK) by 555.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 136,774 shares of the company’s stock after acquiring an additional 115,896 shares during the period. Lazard Asset Management LLC’s holdings in Viking were worth $10,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Activest Wealth Management grew its stake in Viking by 19,500.0% in the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Viking during the 4th quarter worth $28,000. Cornerstone Planning Group LLC lifted its stake in shares of Viking by 316.0% during the 4th 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 period. SBI Securities Co. Ltd. boosted its holdings 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 during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Viking during the third quarter worth $26,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Mizuho raised their price target on Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Barclays lifted their price target on Viking from $88.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $121.00 price objective (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Finally, Stifel Nicolaus set a $105.00 price objective on shares of Viking in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.39.

Insider Buying and Selling

In other news, EVP Richard Marnell sold 6,120 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the transaction, the executive vice president directly owned 110,930 shares in the company, valued at $10,460,699. This trade represents a 5.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 17,566 shares of company stock worth $1,640,166 in the last ninety days.

Viking Stock Down 1.7%

Shares of NYSE VIK opened at $102.72 on Thursday. The stock has a market capitalization of $45.78 billion, a PE ratio of 38.19, a P/E/G ratio of 1.20 and a beta of 1.48. 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 fifty day moving average of $96.35 and a 200-day moving average of $83.06. Viking Holdings Ltd. has a 52-week low of $55.55 and a 52-week high of $105.76.

Viking (NYSE:VIK) last issued its earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Viking had a return on equity of 149.40% and a net margin of 18.00%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted ($0.24) EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts anticipate that Viking Holdings Ltd. will post 3.32 EPS for the current year.

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.