Viking Holdings Ltd (NYSE:VIK) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,547 shares of the company’s stock after acquiring an additional 1,486 shares during the quarter. Bessemer Group Inc.’s holdings in Viking were worth $1,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VIK. Charles Schwab Investment Management Inc. acquired a new position in shares of Viking during the 3rd quarter valued at $1,269,000. Blue Chip Partners LLC acquired a new position in Viking during the fourth quarter worth about $279,000. Renaissance Capital LLC raised its position in Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock worth $5,355,000 after acquiring an additional 9,527 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Viking by 883.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company’s stock valued at $52,508,000 after acquiring an additional 1,070,589 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Viking during the 4th quarter valued at about $339,000. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on VIK. Barclays set a $46.00 target price on shares of Viking and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Jefferies Financial Group began coverage on Viking in a research note on Monday, March 31st. They set a “hold” rating and a $45.00 price objective for the company. Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, March 14th. Redburn Atlantic upgraded Viking to a “hold” rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley dropped their price target on Viking from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.18.

Viking Stock Down 0.6 %

VIK stock opened at $39.40 on Tuesday. The company has a 50 day moving average of $44.00 and a two-hundred day moving average of $43.76. The company has a market cap of $17.00 billion and a price-to-earnings ratio of 151.54. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14.

Viking (NYSE:VIK) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts anticipate that Viking Holdings Ltd will post 1.49 EPS for the current 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.