Viking (NYSE:VIK) Shares Gap Down – What’s Next?

Viking Holdings Ltd (NYSE:VIK)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $48.75, but opened at $46.75. Viking shares last traded at $46.93, with a volume of 1,738,467 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial lifted their target price on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Bank of America lifted their target price on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Citigroup assumed coverage on Viking in a research note on Thursday, December 19th. They set a “buy” rating and a $54.00 target price for the company. Finally, Barclays restated an “equal weight” rating and issued a $49.00 price target on shares of Viking in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.43.

Viking Trading Down 2.3 %

The business has a fifty day moving average price of $45.40 and a 200 day moving average price of $39.57.

Hedge Funds Weigh In On Viking

Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new position in Viking in the 2nd quarter worth about $5,125,000. Millennium Management LLC acquired a new position in Viking in the 2nd quarter worth about $42,008,000. Scientech Research LLC acquired a new position in Viking in the 2nd quarter worth about $200,000. Sunbelt Securities Inc. acquired a new position in Viking in the 2nd quarter worth about $68,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Viking in the second quarter valued at about $4,539,000. Institutional investors and hedge funds 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.