6,137 Shares in Viking Holdings Ltd. $VIK Bought by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in Viking Holdings Ltd. (NYSE:VIK) during the fourth quarter, Holdings Channel reports. The firm acquired 6,137 shares of the company’s stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VIK. NewEdge Advisors LLC raised its position in shares of Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Viking in the second quarter worth $303,000. Daiwa Securities Group Inc. purchased a new stake in shares of Viking in the second quarter worth $922,000. State Street Corp raised its position in shares of Viking by 34,748.5% in the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after buying an additional 1,806,920 shares in the last quarter. Finally, Nebula Research & Development LLC raised its position in shares of Viking by 275.0% in the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock worth $1,612,000 after buying an additional 22,188 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings downgraded Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and increased their price objective for the stock from $75.00 to $102.00 in a research report on Friday. Rothschild & Co Redburn set a $95.00 price objective on Viking and gave the stock a “buy” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group increased their price objective on Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating on shares of Viking in a research report on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.64.

Insider Activity

In other news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the sale, the executive vice president owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Viking Stock Up 0.5%

VIK opened at $84.31 on Friday. The stock has a market cap of $37.57 billion, a PE ratio of 31.34, a P/E/G ratio of 1.21 and a beta of 1.57. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. Viking Holdings Ltd. has a 52 week low of $42.20 and a 52 week high of $92.00. The business’s fifty day simple moving average is $78.04 and its 200 day simple moving average is $72.87.

Viking (NYSE:VIK) last released its earnings results on Thursday, May 14th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.The firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. As a group, research analysts expect that Viking Holdings Ltd. will post 3.28 earnings per share for the current fiscal year.

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.