Del Sette Capital Management LLC Invests $1.36 Million in Viking Holdings Ltd (NYSE:VIK)

Del Sette Capital Management LLC purchased a new stake in Viking Holdings Ltd (NYSE:VIK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,766 shares of the company’s stock, valued at approximately $1,356,000. Viking accounts for 1.1% of Del Sette Capital Management LLC’s portfolio, making the stock its 24th largest position.

Several other hedge funds have also added to or reduced their stakes in VIK. Avior Wealth Management LLC bought a new stake in shares of Viking during the third quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Viking during the 4th quarter worth approximately $73,000. New York State Common Retirement Fund bought a new stake in Viking in the 4th quarter valued at $119,000. Rhumbline Advisers acquired a new position in Viking in the 4th quarter valued at $130,000. Finally, Vestcor Inc bought a new position in Viking during the 4th quarter worth $141,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VIK. Citigroup initiated coverage on shares of Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price for the company. Barclays set a $46.00 price objective on shares of Viking and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Truist Financial raised their target price on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, March 14th. JPMorgan Chase & Co. boosted their price target on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, Loop Capital started coverage on Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.33.

Viking Stock Performance

Viking stock opened at $40.11 on Friday. The stock has a fifty day moving average of $47.22 and a 200-day moving average of $43.00. The stock has a market capitalization of $17.30 billion and a P/E ratio of 154.25. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Viking’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts forecast that Viking Holdings Ltd will post 1.49 earnings per share 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.