Viking Holdings Ltd. (NYSE:VIK) Short Interest Update

Viking Holdings Ltd. (NYSE:VIK) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 4,991,988 shares, a decrease of 17.7% from the February 12th total of 6,066,121 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 2,054,526 shares, the short-interest ratio is currently 2.4 days. Based on an average trading volume of 2,054,526 shares, the short-interest ratio is currently 2.4 days. Currently, 1.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Viking

Several large investors have recently added to or reduced their stakes in VIK. Newbridge Financial Services Group Inc. bought a new position in Viking during the third quarter worth about $26,000. Activest Wealth Management raised its position in shares of Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Viking during the 4th quarter valued at approximately $28,000. Cornerstone Planning Group LLC lifted its stake in shares of Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after buying an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock worth $30,000 after buying an additional 365 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho lifted their price target on Viking from $59.00 to $69.00 and gave the stock an “underperform” rating in a report on Thursday, March 5th. Citigroup upped their price objective on Viking from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Truist Financial raised their target price on Viking from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, December 2nd. Wall Street Zen upgraded Viking from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Morgan Stanley increased their price target on shares of Viking from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.

Viking Stock Performance

Viking stock traded up $2.93 during trading on Monday, hitting $71.25. The stock had a trading volume of 3,089,738 shares, compared to its average volume of 2,649,597. The stock’s 50 day moving average is $73.43 and its two-hundred day moving average is $67.23. Viking has a 1 year low of $31.79 and a 1 year high of $81.48. The stock has a market cap of $31.76 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76.

Viking (NYSE:VIK) last released its earnings results on Tuesday, March 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. As a group, analysts predict that Viking will post 1.49 EPS for the current year.

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.