5,213,516 Shares in Viking Holdings Ltd. $VIK Acquired by Norges Bank

Norges Bank purchased a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,213,516 shares of the company’s stock, valued at approximately $372,297,000. Norges Bank owned approximately 1.18% of Viking as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of Viking by 32.8% in the 3rd quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after acquiring an additional 3,471,244 shares during the last quarter. Dream Peak Capital Ltd acquired a new stake in shares of Viking in the 4th quarter worth $223,744,000. Artisan Partners Limited Partnership increased its stake in shares of Viking by 33.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,944,248 shares of the company’s stock worth $183,014,000 after acquiring an additional 745,509 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Viking by 28.8% in the 3rd quarter. Two Sigma Investments LP now owns 2,690,678 shares of the company’s stock worth $167,253,000 after acquiring an additional 600,890 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Viking by 69.7% in the 4th quarter. UBS Group AG now owns 2,547,943 shares of the company’s stock worth $181,949,000 after acquiring an additional 1,046,270 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Stock Performance

Shares of VIK opened at $91.72 on Tuesday. The stock has a 50-day simple moving average of $80.40 and a 200-day simple moving average of $74.30. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The stock has a market capitalization of $40.88 billion, a PE ratio of 34.10, a PEG ratio of 1.33 and a beta of 1.59. Viking Holdings Ltd. has a 1 year low of $44.11 and a 1 year high of $93.70.

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 quarter last year, the company earned ($0.24) EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts predict that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VIK has been the subject of a number of recent analyst reports. UBS Group reissued a “buy” rating and set a $100.00 price objective on shares of Viking in a research report on Wednesday, May 27th. Weiss Ratings cut Viking from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Mizuho raised their target price on Viking from $69.00 to $75.00 and gave the company an “underperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. raised their target price on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Citigroup restated a “buy” rating on shares of Viking in a report on Friday, May 15th. Twelve investment 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 data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $94.80.

Insider Buying and Selling

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of Viking 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 transaction, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.