Capital Research Global Investors Decreases Stake in Viking Holdings Ltd. $VIK

Capital Research Global Investors reduced its position in Viking Holdings Ltd. (NYSE:VIK) by 19.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,325,211 shares of the company’s stock after selling 5,792,265 shares during the period. Capital Research Global Investors owned 0.05% of Viking worth $1,737,097,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management lifted 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 worth $28,000 after buying an additional 390 shares in the last quarter. Cornerstone Planning Group LLC raised its position in Viking by 316.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares during the period. SBI Securities Co. Ltd. raised its position in Viking by 651.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Viking during the third quarter valued at approximately $26,000. Finally, GAMMA Investing LLC raised its position in Viking by 158.3% during the fourth quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $39,000 after purchasing an additional 334 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VIK has been the topic of a number of recent research reports. Barclays upped their price objective on Viking from $76.00 to $88.00 and gave the company an “equal weight” rating in a research report on Friday, May 15th. UBS Group restated a “buy” rating and set a $100.00 price objective on shares of Viking in a research report on Wednesday, May 27th. Rothschild & Co Redburn set a $95.00 price objective on Viking and gave the company a “buy” rating in a research report on Tuesday, April 14th. Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and upped their price objective for the company from $75.00 to $102.00 in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group upped their price objective on Viking from $84.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and an average target price of $96.38.

Insider Activity at Viking

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

Viking Trading Down 0.2%

VIK opened at $89.85 on Friday. The stock has a market cap of $40.04 billion, a price-to-earnings ratio of 33.40, a P/E/G ratio of 1.30 and a beta of 1.59. The stock’s 50 day moving average price is $81.83 and its 200-day moving average price is $75.03. Viking Holdings Ltd. has a one year low of $46.06 and a one year high of $93.70. 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 released its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. On average, equities analysts forecast that Viking Holdings Ltd. will post 3.28 EPS for the current year.

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.