Viking Holdings Ltd. $VIK Stock Holdings Boosted by Tidal Investments LLC

Tidal Investments LLC increased its position in Viking Holdings Ltd. (NYSE:VIK) by 223.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,166 shares of the company’s stock after acquiring an additional 20,137 shares during the period. Tidal Investments LLC’s holdings in Viking were worth $3,053,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Basecamp Wealth Advisors LLC acquired a new position in Viking during the 1st quarter valued at about $25,000. Ameritas Advisory Services LLC acquired a new stake in shares of Viking in the second quarter valued at approximately $31,000. SJS Investment Consulting Inc. increased its stake in shares of Viking by 304.4% in the first quarter. SJS Investment Consulting Inc. now owns 457 shares of the company’s stock valued at $34,000 after purchasing an additional 344 shares during the period. IFP Advisors Inc raised its holdings in shares of Viking by 1,918.5% during the fourth quarter. IFP Advisors Inc now owns 1,312 shares of the company’s stock valued at $94,000 after buying an additional 1,247 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Viking by 18.3% during the second quarter. GAMMA Investing LLC now owns 938 shares of the company’s stock valued at $98,000 after buying an additional 145 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Milton Hugh sold 20,000 shares of Viking stock in a transaction on Friday, September 11th. The stock was sold at an average price of $85.57, for a total transaction of $1,711,400.00. Following the transaction, the executive vice president directly owned 585,571 shares in the company, valued at approximately $50,107,310.47. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

A number of brokerages recently issued reports on VIK. Loop Capital assumed coverage on Viking in a report on Monday, June 1st. They issued a “buy” rating and a $108.00 price objective for the company. The Goldman Sachs Group lifted their target price on Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Jefferies Financial Group boosted their price target on Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. BNP Paribas Exane reissued an “outperform” rating and issued a $121.00 price target (up from $104.00) on shares of Viking in a research note on Tuesday, July 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Viking in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average target price of $107.33.

Viking Trading Down 1.6%

Shares of NYSE:VIK opened at $85.05 on Wednesday. The company has a 50 day moving average of $96.10 and a 200-day moving average of $88.04. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. The firm has a market cap of $37.91 billion, a P/E ratio of 28.26, a P/E/G ratio of 1.02 and a beta of 1.41. Viking Holdings Ltd. has a twelve month low of $56.37 and a twelve month high of $110.09.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, August 20th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, analysts anticipate that Viking Holdings Ltd. will post 3.2 earnings per share for the current fiscal year.

About Viking

Viking Holdings Ltd. is a global travel company that operates the Viking brand of destination-focused cruises. Its offerings include river cruises, ocean cruises and expedition voyages, with an emphasis on cultural enrichment, regional cuisine and immersive shore excursions rather than onboard casinos or other traditional cruise-ship amenities.

Viking’s river cruise business serves major waterways in Europe, including the Rhine, Main, Danube, Rhône, Saône, Seine and Douro, as well as selected rivers in other regions such as Asia, Egypt and the Mississippi in the United States.