Chung Wu Investment Group LLC Makes New $304,000 Investment in Viking Holdings Ltd (NYSE:VIK)

Chung Wu Investment Group 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 and Exchange Commission (SEC). The institutional investor bought 6,900 shares of the company’s stock, valued at approximately $304,000.

Other hedge funds also recently bought and sold shares of the company. D1 Capital Partners L.P. increased its position in shares of Viking by 192.9% in the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock valued at $90,231,000 after acquiring an additional 1,703,301 shares during the period. FMR LLC grew its position in Viking by 27.8% during the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after purchasing an additional 1,518,773 shares during the period. 140 Summer Partners LP acquired a new stake in Viking during the 3rd quarter worth about $48,334,000. Raymond James Financial Inc. purchased a new stake in shares of Viking during the 4th quarter worth about $37,332,000. Finally, Franklin Resources Inc. boosted its stake in shares of Viking by 25.7% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Trading Up 3.3 %

Viking stock opened at $47.88 on Thursday. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $53.14. The firm has a 50 day moving average price of $47.80 and a 200 day moving average price of $42.42.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America increased their target price on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Loop Capital assumed coverage on shares of Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Truist Financial increased their target price on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of Viking in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.13.

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.