DnB Asset Management AS Lowers Position in Viking Holdings Ltd (NYSE:VIK)

DnB Asset Management AS lessened its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 31.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,114,560 shares of the company’s stock after selling 517,879 shares during the period. DnB Asset Management AS’s holdings in Viking were worth $49,108,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VIK. Norges Bank bought a new stake in Viking during the fourth quarter valued at approximately $245,038,000. D1 Capital Partners L.P. raised its position in shares of Viking by 192.9% during the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock valued at $90,231,000 after buying an additional 1,703,301 shares in the last quarter. FMR LLC lifted its holdings in shares of Viking by 27.8% during the 3rd 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 last quarter. 140 Summer Partners LP purchased a new position in Viking in the third quarter worth $48,334,000. Finally, JPMorgan Chase & Co. raised its position in Viking by 883.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company’s stock valued at $52,508,000 after purchasing an additional 1,070,589 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Trading Down 0.4 %

Shares of NYSE:VIK opened at $41.37 on Friday. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14. The stock has a market capitalization of $17.85 billion and a price-to-earnings ratio of 159.13. The stock has a fifty day simple moving average of $47.01 and a two-hundred day simple moving average of $43.17.

Viking (NYSE:VIK) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. The firm’s revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current year.

Analyst Ratings Changes

VIK has been the topic of several recent research reports. UBS Group increased their price objective on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. Loop Capital began coverage on shares of Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Viking in a research note on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price objective for the company. Truist Financial boosted their price target on shares of Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, March 14th. Finally, Morgan Stanley reduced their price objective on Viking from $53.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.38.

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.