Viking (NYSE:VIK) Stock Price Down 6.1% – Time to Sell?

Viking Holdings Ltd (NYSE:VIK)’s share price was down 6.1% during mid-day trading on Tuesday . The stock traded as low as $39.62 and last traded at $39.51. Approximately 3,415,581 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 2,372,269 shares. The stock had previously closed at $42.07.

Analyst Ratings Changes

Several research analysts have issued reports on VIK shares. Barclays set a $46.00 price target on shares of Viking and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. The Goldman Sachs Group started coverage on shares of Viking in a research report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price target on the stock. Loop Capital started 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. UBS Group lifted their price objective on shares of Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Citigroup started coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.33.

Viking Stock Performance

The stock has a market cap of $17.28 billion and a price-to-earnings ratio of 154.18. The stock’s 50-day simple moving average is $47.35 and its two-hundred day simple moving average is $42.91.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, research analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VIK. Norges Bank bought a new stake in Viking in the fourth quarter valued at about $245,038,000. Select Equity Group L.P. increased its stake in Viking by 26.9% in the fourth quarter. Select Equity Group L.P. now owns 17,279,911 shares of the company’s stock valued at $761,353,000 after acquiring an additional 3,658,225 shares during the period. Capital Research Global Investors increased its stake in Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock valued at $532,511,000 after acquiring an additional 2,492,724 shares during the period. Two Sigma Advisers LP increased its stake in Viking by 4,840.2% in the fourth quarter. Two Sigma Advisers LP now owns 2,321,900 shares of the company’s stock valued at $102,303,000 after acquiring an additional 2,274,900 shares during the period. Finally, Two Sigma Investments LP increased its stake in Viking by 1,972.0% in the fourth quarter. Two Sigma Investments LP now owns 2,385,193 shares of the company’s stock valued at $105,092,000 after acquiring an additional 2,270,075 shares during the period. Institutional investors own 98.84% of the company’s stock.

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.