JPMorgan Chase & Co. Grows Position in Viking Holdings Ltd (NYSE:VIK)

JPMorgan Chase & Co. lifted its holdings in Viking Holdings Ltd (NYSE:VIK) by 883.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,191,731 shares of the company’s stock after purchasing an additional 1,070,589 shares during the period. JPMorgan Chase & Co.’s holdings in Viking were worth $52,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after purchasing an additional 285 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Viking in the fourth quarter valued at approximately $73,000. New York State Common Retirement Fund purchased a new position in Viking during the fourth quarter worth approximately $119,000. Rhumbline Advisers acquired a new position in Viking during the fourth quarter worth $130,000. Finally, Vestcor Inc purchased a new stake in Viking in the 4th quarter valued at $141,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Stock Performance

Shares of VIK stock opened at $34.91 on Friday. The stock has a market capitalization of $15.06 billion and a P/E ratio of 134.25. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $53.14. The company has a 50 day moving average price of $45.93 and a 200 day moving average price of $43.53.

Viking (NYSE:VIK) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, research analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on Viking in a report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price target on the stock. Barclays set a $46.00 target price on shares of Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Jefferies Financial Group started coverage on shares of Viking in a research note on Monday, March 31st. They issued a “hold” rating and a $45.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Citigroup began coverage on Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 price objective for the company. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.29.

Viking Company 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.