Viking Holdings Ltd (NYSE:VIK) Stake Trimmed by ThornTree Capital Partners LP

ThornTree Capital Partners LP lowered its position in shares of Viking Holdings Ltd (NYSE:VIK) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 977,208 shares of the company’s stock after selling 109,114 shares during the quarter. Viking accounts for about 5.6% of ThornTree Capital Partners LP’s investment portfolio, making the stock its 4th largest position. ThornTree Capital Partners LP’s holdings in Viking were worth $43,056,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after purchasing an additional 285 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Viking by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock worth $408,000 after purchasing an additional 491 shares in the last quarter. Commerce Bank lifted its stake in Viking by 7.9% in the 4th quarter. Commerce Bank now owns 8,537 shares of the company’s stock worth $376,000 after purchasing an additional 625 shares in the last quarter. Merit Financial Group LLC lifted its stake in Viking by 3.5% in the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock worth $916,000 after purchasing an additional 700 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its stake in Viking by 7.2% in the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock worth $767,000 after purchasing an additional 1,165 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

VIK has been the topic of several recent research reports. Melius Research set a $51.00 target price on shares of Viking in a research report on Monday, April 21st. Barclays decreased their target price on shares of Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Loop Capital assumed coverage on shares of Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price on the stock. Morgan Stanley cut their price target on shares of Viking from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial upped their price target on shares of Viking from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.89.

Viking Price Performance

Shares of VIK stock opened at $48.37 on Friday. The company has a market capitalization of $20.87 billion and a P/E ratio of 186.05. The company’s 50-day simple moving average is $40.80 and its two-hundred day simple moving average is $44.43. Viking Holdings Ltd has a one year low of $28.62 and a one year high of $53.14.

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