Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Holdings in Viking Holdings Ltd. $VIK

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 23.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 45,616 shares of the company’s stock after selling 14,130 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Viking were worth $2,835,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Viking by 400.3% in the second quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after purchasing an additional 8,462,947 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Viking by 80.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after buying an additional 3,615,969 shares during the period. Holocene Advisors LP raised its position in Viking by 57.9% during the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after buying an additional 2,092,729 shares during the last quarter. Norges Bank acquired a new stake in Viking during the 2nd quarter valued at approximately $236,911,000. Finally, Artisan Partners Limited Partnership increased its stake in shares of Viking by 2.1% in the second quarter. Artisan Partners Limited Partnership now owns 2,198,739 shares of the company’s stock worth $117,171,000 after acquiring an additional 44,540 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VIK. JPMorgan Chase & Co. boosted their target price on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. The Goldman Sachs Group raised Viking from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $78.00 in a report on Tuesday, December 9th. Citigroup upped their target price on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Truist Financial raised their target price on Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a report on Tuesday, December 2nd. Finally, Wells Fargo & Company boosted their price target on Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Viking has a consensus rating of “Moderate Buy” and a consensus price target of $67.19.

Viking Price Performance

NYSE:VIK opened at $69.60 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $74.61. The stock’s 50-day moving average price is $69.77 and its 200-day moving average price is $63.47. The stock has a market capitalization of $30.84 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 0.60 and a beta of 2.07.

Viking (NYSE:VIK) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. Viking’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, equities analysts expect that Viking Holdings Ltd. will post 1.49 EPS for the current fiscal 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.