Fund 1 Investments LLC Buys Shares of 4,688 Viking Holdings Ltd (NYSE:VIK)

Fund 1 Investments LLC purchased a new stake in shares of Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,688 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors have also modified their holdings of VIK. Norges Bank purchased a new stake in Viking in the fourth quarter valued at about $245,038,000. Capital Research Global Investors raised its position in shares of Viking by 26.0% in the 4th quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock valued at $532,511,000 after purchasing an additional 2,492,724 shares during the last quarter. Invesco Ltd. acquired a new stake in Viking in the 4th quarter worth approximately $59,036,000. Renaissance Technologies LLC grew its position in Viking by 150.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company’s stock worth $92,319,000 after purchasing an additional 1,258,005 shares during the last quarter. Finally, Evercore Wealth Management LLC purchased a new stake in Viking during the 4th quarter worth approximately $53,834,000. 98.84% of the stock is currently owned by institutional investors.

Viking Price Performance

Shares of VIK stock opened at $43.23 on Friday. Viking Holdings Ltd has a 1-year low of $27.60 and a 1-year high of $53.14. The company has a market cap of $18.65 billion and a price-to-earnings ratio of 166.27. The stock has a 50 day simple moving average of $40.53 and a 200-day simple moving average of $44.13.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 20.5% compared to the same quarter last year. Analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VIK shares. JPMorgan Chase & Co. boosted their price objective on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Barclays cut their price objective on Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Redburn Atlantic upgraded Viking to a “hold” rating in a research report on Tuesday, April 1st. Northcoast Research initiated coverage on shares of Viking in a research report on Friday, April 25th. They set a “buy” rating and a $51.00 price target for the company. Finally, Melius Research set a $51.00 price objective on shares of Viking in a report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.89.

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.