Goldentree Asset Management LP Boosts Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

Goldentree Asset Management LP lifted its stake in Viking Holdings Ltd (NYSE:VIK) by 53.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,171,560 shares of the company’s stock after buying an additional 406,861 shares during the period. Viking makes up approximately 3.3% of Goldentree Asset Management LP’s portfolio, making the stock its 11th biggest holding. Goldentree Asset Management LP’s holdings in Viking were worth $40,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in Viking during the 2nd quarter worth approximately $2,063,879,000. FMR LLC boosted its stake in shares of Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after purchasing an additional 1,518,773 shares during the period. Select Equity Group L.P. bought a new position in shares of Viking in the second quarter worth approximately $145,989,000. Massachusetts Financial Services Co. MA increased its stake in shares of Viking by 36.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock worth $102,993,000 after buying an additional 793,795 shares during the period. Finally, D1 Capital Partners L.P. raised its holdings in Viking by 192.9% during the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock valued at $90,231,000 after buying an additional 1,703,301 shares during the last quarter.

Viking Trading Down 1.6 %

VIK opened at $46.45 on Friday. The stock has a fifty day simple moving average of $40.11 and a two-hundred day simple moving average of $35.37. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $47.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VIK shares. JPMorgan Chase & Co. raised their price target on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Bank of America upped their price target on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their price objective on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Barclays boosted their target price on Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.00.

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.