Viking Holdings Ltd (NYSE:VIK) Shares Acquired by Blackstone Inc.

Blackstone Inc. increased its stake in Viking Holdings Ltd (NYSE:VIK) by 162.5% during the 4th quarter, Holdings Channel reports. The fund owned 525,000 shares of the company’s stock after purchasing an additional 325,000 shares during the quarter. Blackstone Inc.’s holdings in Viking were worth $23,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VIK. Avior Wealth Management LLC raised its holdings in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after purchasing an additional 285 shares in the last quarter. Quarry LP acquired a new stake in Viking in the fourth quarter valued at $66,000. Golden State Wealth Management LLC purchased a new stake in Viking during the 4th quarter worth about $73,000. New York State Common Retirement Fund acquired a new position in shares of Viking during the 4th quarter worth about $119,000. Finally, Rhumbline Advisers purchased a new position in shares of Viking in the 4th quarter valued at about $130,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VIK. Northcoast Research assumed coverage on Viking in a research note on Friday, April 25th. They set a “buy” rating and a $51.00 target price for the company. Truist Financial upped their target price on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, March 14th. The Goldman Sachs Group cut their price target on shares of Viking from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. UBS Group upped their price objective on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Finally, BNP Paribas assumed coverage on Viking in a report on Thursday, March 27th. They set an “outperform” rating and a $47.00 price objective on the stock. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.89.

Viking Stock Performance

Shares of Viking stock opened at $42.80 on Tuesday. The company has a market cap of $18.47 billion and a P/E ratio of 164.63. The firm has a fifty day moving average of $40.86 and a two-hundred day moving average of $44.09. Viking Holdings Ltd has a one year low of $27.60 and a one year high of $53.14.

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