Viking (NYSE:VIK) Sets New 12-Month High – Still a Buy?

Viking Holdings Ltd (NYSE:VIK)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $53.14 and last traded at $51.75, with a volume of 4609725 shares changing hands. The stock had previously closed at $52.77.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup began coverage on Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 target price for the company. Bank of America increased their price objective on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Loop Capital assumed coverage on shares of Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Viking in a research report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 target price for the company. Finally, Truist Financial lifted their price target on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.13.

Viking Price Performance

The stock’s fifty day moving average is $46.69 and its 200 day moving average is $40.85.

Institutional Investors Weigh In On Viking

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Viking during the 3rd quarter valued at approximately $181,000. Renaissance Capital LLC increased its position in Viking by 68.9% during the third quarter. Renaissance Capital LLC now owns 112,020 shares of the company’s stock valued at $3,908,000 after acquiring an additional 45,714 shares during the last quarter. Seven Grand Managers LLC raised its stake in shares of Viking by 116.7% in the third quarter. Seven Grand Managers LLC now owns 325,000 shares of the company’s stock valued at $11,339,000 after acquiring an additional 175,000 shares during the period. Harbour Capital Advisors LLC bought a new stake in shares of Viking in the 3rd quarter worth about $327,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Viking by 282.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company’s stock worth $45,896,000 after purchasing an additional 971,152 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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.