Two Sigma Advisers LP Buys 2,274,900 Shares of Viking Holdings Ltd (NYSE:VIK)

Two Sigma Advisers LP raised its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 4,840.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,321,900 shares of the company’s stock after purchasing an additional 2,274,900 shares during the period. Two Sigma Advisers LP’s holdings in Viking were worth $102,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VIK. Avior Wealth Management LLC boosted its holdings in shares of Viking by 37.1% during 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 during the last quarter. Quarry LP bought a new position in shares of Viking during the 4th quarter valued at about $66,000. Golden State Wealth Management LLC bought a new position in shares of Viking during the 4th quarter valued at about $73,000. New York State Common Retirement Fund bought a new position in shares of Viking during the 4th quarter valued at about $119,000. Finally, Rhumbline Advisers bought a new position in shares of Viking during the 4th quarter valued at about $130,000. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

Shares of NYSE VIK opened at $48.37 on Monday. The company has a market cap of $20.87 billion and a P/E ratio of 186.05. Viking Holdings Ltd has a 1 year low of $28.62 and a 1 year high of $53.14. The firm has a 50-day simple moving average of $40.80 and a two-hundred day simple moving average of $44.47.

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 during the quarter, compared to the consensus estimate of $1.34 billion. Viking’s quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VIK shares. Barclays dropped their price objective on shares of Viking from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. UBS Group increased their price target on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Melius Research set a $51.00 price target on shares of Viking in a report on Monday, April 21st. Loop Capital assumed coverage on shares of Viking in a report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Morgan Stanley lowered their price target on shares of Viking from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.89.

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.