D1 Capital Partners L.P. Purchases 1,703,301 Shares of Viking Holdings Ltd (NYSE:VIK)

D1 Capital Partners L.P. grew its position in Viking Holdings Ltd (NYSE:VIK) by 192.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,586,161 shares of the company’s stock after acquiring an additional 1,703,301 shares during the period. Viking comprises about 1.7% of D1 Capital Partners L.P.’s portfolio, making the stock its 18th largest holding. D1 Capital Partners L.P. owned 0.60% of Viking worth $90,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VIK. Renaissance Capital LLC bought a new position in shares of Viking in the 2nd quarter valued at about $2,250,000. U.S. Capital Wealth Advisors LLC acquired a new position in Viking in the 2nd quarter valued at about $2,226,000. Cascade Investment Group Inc. bought a new position in Viking in the 2nd quarter valued at about $289,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Viking in the 2nd quarter valued at about $1,004,000. Finally, American National Bank acquired a new stake in Viking during the second quarter worth approximately $68,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their target price on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 4th. Bank of America raised their target price on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Finally, Barclays raised their price objective on Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Viking Stock Down 1.6 %

Shares of VIK opened at $46.45 on Friday. The business has a 50-day simple moving average of $39.86 and a two-hundred day simple moving average of $35.29. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $47.62.

Viking 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.