DnB Asset Management AS Has $49.11 Million Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

DnB Asset Management AS trimmed its position in shares of Viking Holdings Ltd (NYSE:VIK) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,114,560 shares of the company’s stock after selling 517,879 shares during the quarter. DnB Asset Management AS owned 0.26% of Viking worth $49,108,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VIK. Norges Bank bought a new position in Viking in the 4th quarter valued at about $245,038,000. D1 Capital Partners L.P. raised its stake in shares of Viking by 192.9% in the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock worth $90,231,000 after purchasing an additional 1,703,301 shares during the last quarter. FMR LLC lifted its holdings in shares of Viking by 27.8% in the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after purchasing an additional 1,518,773 shares in the last quarter. 140 Summer Partners LP purchased a new position in shares of Viking during the third quarter valued at approximately $48,334,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Viking by 883.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company’s stock valued at $52,508,000 after buying an additional 1,070,589 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

Shares of VIK stock opened at $41.37 on Friday. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $53.14. The company’s fifty day simple moving average is $47.01 and its two-hundred day simple moving average is $43.17. The stock has a market capitalization of $17.85 billion and a price-to-earnings ratio of 159.13.

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

Wall Street Analyst Weigh In

VIK has been the topic of several recent analyst reports. BNP Paribas assumed coverage on Viking in a research note on Thursday. They set an “outperform” rating and a $47.00 price objective on the stock. Truist Financial boosted their target price on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, March 14th. Morgan Stanley decreased their price target on Viking from $53.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their price objective on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Loop Capital started coverage on shares of Viking in a report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.38.

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.