Viking Holdings Ltd (NYSE:VIK) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,378,850 shares of the company’s stock after selling 535,544 shares during the quarter. Wellington Management Group LLP owned 0.78% of Viking worth $148,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of VIK. Norges Bank purchased a new stake in Viking during the 4th quarter worth about $245,038,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Viking by 1,128.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,278,150 shares of the company’s stock worth $56,315,000 after buying an additional 1,174,121 shares during the period. JPMorgan Chase & Co. increased its stake 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 worth $52,508,000 after buying an additional 1,070,589 shares during the period. Raymond James Financial Inc. acquired a new stake in Viking in the fourth quarter valued at approximately $37,332,000. Finally, Franklin Resources Inc. lifted its stake in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after acquiring an additional 836,353 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Trading Up 3.7 %

Viking stock opened at $42.00 on Thursday. The stock has a market capitalization of $18.12 billion and a price-to-earnings ratio of 161.54. The stock has a 50 day moving average of $46.42 and a two-hundred day moving average of $43.48. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14.

Viking (NYSE:VIK) last issued 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 was up 20.5% compared to the same quarter last year. Equities analysts predict that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VIK has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on shares of Viking in a report on Monday. They issued a “hold” rating and a $45.00 price objective on the stock. Barclays set a $46.00 price target on Viking and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. UBS Group lifted their price target on Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th. BNP Paribas initiated coverage on Viking in a report on Thursday, March 27th. They issued an “outperform” rating and a $47.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on Viking in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 target price for the company. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.29.

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.