Trexquant Investment LP Makes New $9.29 Million Investment in Viking Holdings Ltd (NYSE:VIK)

Trexquant Investment LP purchased a new stake in shares of Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 210,830 shares of the company’s stock, valued at approximately $9,289,000.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. acquired a new position in Viking during the 3rd quarter valued at about $1,269,000. Blue Chip Partners LLC acquired a new position in shares of Viking during the fourth quarter worth approximately $279,000. Renaissance Capital LLC grew its holdings in Viking by 8.5% in the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock worth $5,355,000 after buying an additional 9,527 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Viking in the 4th quarter valued at approximately $339,000. Finally, Franklin Resources Inc. boosted its position in Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after acquiring an additional 836,353 shares during the period. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VIK shares. UBS Group raised their price target on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. The Goldman Sachs Group assumed coverage on shares of Viking in a research note on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price target for the company. Jefferies Financial Group started coverage on shares of Viking in a research note on Monday. They set a “hold” rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Barclays set a $46.00 price objective on Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.29.

Viking Price Performance

Viking stock opened at $42.00 on Thursday. The company has a market cap of $18.12 billion and a P/E ratio of 161.54. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $53.14. The firm’s 50 day simple moving average is $46.42 and its 200-day simple moving average is $43.48.

Viking (NYSE:VIK) last announced its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Viking’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts expect that Viking Holdings Ltd will post 1.49 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.