26,669 Shares in Viking Holdings Ltd. $VIK Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of Viking Holdings Ltd. (NYSE:VIK) during the third quarter, HoldingsChannel.com reports. The firm bought 26,669 shares of the company’s stock, valued at approximately $1,658,000.

Several other large investors have also added to or reduced their stakes in VIK. Simon Quick Advisors LLC increased its stake in shares of Viking by 1.5% in the third quarter. Simon Quick Advisors LLC now owns 17,127 shares of the company’s stock worth $1,065,000 after purchasing an additional 249 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Viking by 20.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock valued at $106,000 after buying an additional 332 shares in the last quarter. Pittenger & Anderson Inc. bought a new position in Viking in the 2nd quarter worth $27,000. Truist Financial Corp increased its stake in Viking by 12.7% in the 3rd quarter. Truist Financial Corp now owns 4,548 shares of the company’s stock worth $283,000 after buying an additional 513 shares in the last quarter. Finally, Private Trust Co. NA bought a new stake in Viking during the second quarter valued at about $29,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Price Performance

NYSE:VIK opened at $75.17 on Friday. The firm has a market capitalization of $33.31 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 0.66 and a beta of 2.07. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.63 and a quick ratio of 0.61. The business has a 50 day simple moving average of $71.95 and a 200-day simple moving average of $64.87. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $78.81.

Viking (NYSE:VIK) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The business’s revenue was up 19.1% compared to the same quarter last year. Equities analysts forecast that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on VIK. Morgan Stanley boosted their price objective on Viking from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Barclays boosted their price target on Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. UBS Group upped their price objective on Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $80.00 in a report on Monday, December 15th. Finally, Citigroup boosted their price target on shares of Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.00.

Viking Company 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.