Del Sette Capital Management LLC Acquires Shares of 30,766 Viking Holdings Ltd (NYSE:VIK)

Del Sette Capital Management LLC bought a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,766 shares of the company’s stock, valued at approximately $1,356,000. Viking comprises approximately 1.1% of Del Sette Capital Management LLC’s portfolio, making the stock its 24th biggest position.

Several other large investors have also made changes to their positions in VIK. FMR LLC raised its position in shares of Viking by 27.8% during the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after acquiring an additional 1,518,773 shares during the last quarter. Franklin Resources Inc. increased its holdings in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after purchasing an additional 836,353 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Viking by 36.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after buying an additional 793,795 shares during the period. D1 Capital Partners L.P. lifted its stake in Viking by 192.9% in the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock valued at $90,231,000 after buying an additional 1,703,301 shares during the period. Finally, Forest Avenue Capital Management LP increased its stake in shares of Viking by 11.4% in the 3rd quarter. Forest Avenue Capital Management LP now owns 1,903,208 shares of the company’s stock valued at $66,403,000 after acquiring an additional 194,082 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VIK. 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 note on Tuesday, March 18th. Barclays set a $46.00 price target on shares of Viking and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Morgan Stanley lowered their price objective on shares of Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday. The Goldman Sachs Group began coverage on Viking in a report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 target price on the stock. Finally, Loop Capital initiated coverage on shares of Viking in a report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus price target of $46.33.

Viking Stock Performance

NYSE:VIK opened at $40.11 on Friday. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $53.14. The company has a market cap of $17.30 billion and a P/E ratio of 154.25. The stock’s 50-day simple moving average is $47.22 and its 200 day simple moving average is $43.00.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share 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 analyst estimates of $1.34 billion. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, equities analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

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.