Viking Holdings Ltd. $VIK Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 27.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,508 shares of the company’s stock after buying an additional 11,796 shares during the period. Principal Financial Group Inc.’s holdings in Viking were worth $4,005,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after acquiring an additional 690 shares during the last quarter. Prudential Financial Inc. acquired a new position in Viking during the 2nd quarter worth approximately $303,000. Daiwa Securities Group Inc. purchased a new stake in shares of Viking in the 2nd quarter valued at approximately $922,000. State Street Corp increased its position in shares of Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC raised its holdings in shares of Viking by 275.0% in the 2nd quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock valued at $1,612,000 after purchasing an additional 22,188 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

VIK stock opened at $104.78 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 5.27. The company has a market capitalization of $46.70 billion, a P/E ratio of 38.95, a PEG ratio of 1.18 and a beta of 1.48. The business has a 50 day simple moving average of $95.96 and a 200-day simple moving average of $82.85. Viking Holdings Ltd. has a twelve month low of $55.55 and a twelve month high of $105.76.

Viking (NYSE:VIK) last announced its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company posted ($0.24) EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, equities analysts anticipate that Viking Holdings Ltd. will post 3.32 EPS for the current year.

Insider Buying and Selling

In other Viking news, EVP Richard Marnell sold 11,287 shares of Viking stock in a transaction on Friday, June 12th. The shares were sold at an average price of $92.85, for a total value of $1,047,997.95. Following the transaction, the executive vice president directly owned 117,050 shares in the company, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 17,566 shares of company stock valued at $1,640,166 in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VIK shares. BNP Paribas Exane reaffirmed an “outperform” rating and set a $121.00 price objective (up from $104.00) on shares of Viking in a research report on Tuesday, July 14th. Citigroup increased their target price on Viking from $101.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. BMO Capital Markets began coverage on Viking in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $115.00 price target on the stock. Rothschild & Co Redburn set a $95.00 price target on Viking and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Wells Fargo & Company raised Viking from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $79.00 to $109.00 in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.39.

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.