Viking Holdings Ltd. $VIK Position Raised by Ninety One UK Ltd

Ninety One UK Ltd increased its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 229.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,949,815 shares of the company’s stock after acquiring an additional 1,358,007 shares during the period. Ninety One UK Ltd owned 0.44% of Viking worth $152,729,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Viking by 654.3% during the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock worth $644,556,000 after buying an additional 5,341,580 shares during the period. Bank of America Corp DE grew its stake in Viking by 41.0% in the 1st quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock valued at $163,661,000 after buying an additional 647,606 shares during the last quarter. Evercore Wealth Management LLC grew its stake in Viking by 0.9% in the 1st quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock valued at $122,874,000 after buying an additional 14,465 shares during the last quarter. 140 Summer Partners LP grew its stake in Viking by 7.5% in the 4th quarter. 140 Summer Partners LP now owns 942,526 shares of the company’s stock valued at $67,306,000 after buying an additional 65,782 shares during the last quarter. Finally, Corient Private Wealth LP bought a new position in Viking in the 2nd quarter worth $57,131,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling

In related news, EVP Milton Hugh sold 20,000 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the transaction, the executive vice president directly owned 585,571 shares of the company’s stock, valued at $50,107,310.47. This trade represents a 3.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analysts Set New Price Targets

VIK has been the subject of a number of recent analyst reports. Benchmark upgraded shares of Viking to a “strong-buy” rating in a report on Friday, September 25th. UBS Group reiterated a “buy” rating on shares of Viking in a research note on Wednesday, September 30th. Morgan Stanley boosted their price objective on Viking from $86.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Weiss Ratings raised Viking from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, Wells Fargo & Company increased their target price on Viking from $109.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.83.

Viking Stock Performance

Viking stock traded up $0.65 during trading hours on Thursday, hitting $83.25. The stock had a trading volume of 829,675 shares, compared to its average volume of 3,072,272. The company has a 50-day moving average of $87.74 and a two-hundred day moving average of $89.35. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a fifty-two week low of $56.37 and a fifty-two week high of $110.09. The company has a market cap of $37.10 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.47.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. Viking had a return on equity of 117.98% and a net margin of 19.33%. Viking’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. On average, equities research analysts anticipate that Viking Holdings Ltd. will post 3.14 EPS for the current fiscal year.

More Viking News

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: Limited relevance to Viking Holdings: Articles about Viking FK’s draw with Bayern Munich, player performances, and alleged on-field antics refer to a soccer club and are unrelated to Viking Holdings’ cruise operations. Bodø/Glimt star slams Viking FK antics Champions League scores
• Neutral Sentiment: Viking Cruises promotional coverage: A lifestyle article highlights Viking River Cruises’ onboard alcohol policy and lack of corkage fees. While this may support consumer awareness of the brand, it contains no booking, pricing, revenue, or profitability data and is unlikely to materially affect VIK’s valuation. Viking River Cruises alcohol policy
• Neutral Sentiment: Historical Viking stories: Reports on human remains, violence, and a suspected Viking raid are archaeological features with no connection to Viking Holdings’ business or stock. Human bones found in Viking homes Viking raid mass grave

About Viking

Viking Holdings Ltd. is a travel and hospitality company that operates a fleet of river, ocean and expedition cruise vessels under the Viking brand. The company focuses on destination-oriented travel for adults, offering itineraries that combine cruise accommodations with cultural, historical and nature-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the Mississippi River in the United States.