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

Chung Wu Investment Group LLC acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 6,900 shares of the company’s stock, valued at approximately $304,000.

Other institutional investors have also modified their holdings of the company. D1 Capital Partners L.P. lifted its position in Viking by 192.9% in the third 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 last quarter. FMR LLC increased its stake in shares of Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after acquiring an additional 1,518,773 shares during the period. 140 Summer Partners LP acquired a new position in Viking during the third quarter worth about $48,334,000. Raymond James Financial Inc. acquired a new position in Viking during the fourth quarter worth about $37,332,000. Finally, Franklin Resources Inc. grew its position in Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after buying an additional 836,353 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Price Performance

Viking stock opened at $47.88 on Thursday. The company’s 50-day moving average price is $47.80 and its two-hundred day moving average price is $42.42. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VIK shares. Truist Financial upped their price objective on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Barclays reissued an “equal weight” rating and set a $49.00 price objective on shares of Viking in a research note on Friday, December 13th. Loop Capital started coverage on shares of Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective on the stock. Stifel Nicolaus upped their price target on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, Bank of America upped their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.13.

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.