TD Asset Management Inc Trims Holdings in Viking Holdings Ltd. $VIK

TD Asset Management Inc cut its holdings in Viking Holdings Ltd. (NYSE:VIK) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 897,130 shares of the company’s stock after selling 19,004 shares during the quarter. TD Asset Management Inc’s holdings in Viking were worth $64,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIK. NewEdge Advisors LLC grew its position in shares of Viking by 92.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Viking in the 2nd quarter worth about $303,000. Daiwa Securities Group Inc. purchased a new stake in shares of Viking in the 2nd quarter worth about $922,000. State Street Corp grew its position in shares of Viking by 34,748.5% in the 2nd quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after buying an additional 1,806,920 shares during the period. Finally, Nebula Research & Development LLC grew its position in shares of Viking by 275.0% in the 2nd quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after buying an additional 22,188 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Stock Performance

Shares of VIK stock opened at $89.85 on Friday. Viking Holdings Ltd. has a one year low of $46.06 and a one year high of $93.70. The company’s 50-day moving average is $81.83 and its 200 day moving average is $75.03. The company has a market capitalization of $40.04 billion, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted ($0.24) EPS. Viking’s revenue for the quarter was up 17.5% on a year-over-year basis. Sell-side analysts expect that Viking Holdings Ltd. will post 3.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VIK shares. Barclays upped their target price on shares of Viking from $76.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. upped their target price on shares of Viking from $87.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Mizuho upped their target price on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research report on Friday, May 15th. Finally, Rothschild & Co Redburn set a $95.00 price objective on shares of Viking and gave the company a “buy” rating in a research report on Tuesday, April 14th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.38.

Insider Buying and Selling

In related news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the sale, the executive vice president directly owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.