Norges Bank Takes Position in Viking Holdings Ltd (NYSE:VIK)

Norges Bank acquired a new position in Viking Holdings Ltd (NYSE:VIK) during the fourth quarter, Holdings Channel reports. The firm acquired 5,561,462 shares of the company’s stock, valued at approximately $245,038,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Viking by 883.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,191,731 shares of the company’s stock valued at $52,508,000 after acquiring an additional 1,070,589 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Viking during the fourth quarter worth about $289,000. LPL Financial LLC raised its stake in Viking by 23.9% in the fourth quarter. LPL Financial LLC now owns 43,898 shares of the company’s stock valued at $1,934,000 after purchasing an additional 8,456 shares in the last quarter. Del Sette Capital Management LLC purchased a new stake in Viking in the fourth quarter valued at approximately $1,356,000. Finally, American Century Companies Inc. bought a new stake in Viking during the fourth quarter valued at approximately $33,499,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VIK shares. The Goldman Sachs Group began coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price target on the stock. Truist Financial raised their price target on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, March 14th. Barclays set a $46.00 price target on Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Loop Capital assumed coverage on Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective on the stock. Finally, BNP Paribas assumed coverage on Viking in a research note on Thursday. They issued an “outperform” rating and a $47.00 target price for the company. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and an average price target of $46.38.

Viking Stock Down 4.6 %

Shares of Viking stock opened at $39.35 on Monday. The firm has a market cap of $16.98 billion and a PE ratio of 151.33. The company’s fifty day simple moving average is $46.85 and its two-hundred day simple moving average is $43.38. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $53.14.

Viking (NYSE:VIK) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The business’s revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts expect that Viking Holdings Ltd will post 1.49 earnings per share 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.