Golden State Wealth Management LLC Acquires Shares of 1,650 Viking Holdings Ltd (NYSE:VIK)

Golden State Wealth Management LLC bought a new stake in Viking Holdings Ltd (NYSE:VIK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,650 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in shares of Viking during the third quarter valued at $27,000. SG Americas Securities LLC purchased a new stake in Viking in the 3rd quarter valued at about $181,000. Wilmington Savings Fund Society FSB bought a new position in Viking in the 3rd quarter worth about $187,000. China Universal Asset Management Co. Ltd. purchased a new position in shares of Viking during the third quarter worth approximately $204,000. Finally, Commerce Bank bought a new stake in shares of Viking during the third quarter valued at approximately $276,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VIK shares. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Bank of America raised their price target on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Truist Financial upped their price objective on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Stifel Nicolaus raised their target price on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Loop Capital initiated coverage on shares of Viking in a research report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average price target of $45.13.

Viking Stock Down 1.9 %

Shares of Viking stock opened at $51.75 on Tuesday. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The company has a 50 day moving average price of $46.48 and a 200 day moving average price of $40.67.

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.