Hsbc Holdings PLC Acquires Shares of 12,819 Viking Holdings Ltd (NYSE:VIK)

Hsbc Holdings PLC bought a new position in Viking Holdings Ltd (NYSE:VIK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,819 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors have also made changes to their positions in VIK. Avior Wealth Management LLC lifted its holdings in Viking by 37.1% in the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after acquiring an additional 285 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Viking in the 4th quarter worth approximately $73,000. New York State Common Retirement Fund acquired a new position in Viking during the 4th quarter valued at approximately $119,000. Rhumbline Advisers bought a new position in Viking during the 4th quarter worth $130,000. Finally, Vestcor Inc acquired a new stake in Viking in the fourth quarter worth $141,000. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Performance

Shares of NYSE:VIK opened at $42.62 on Wednesday. The stock has a market capitalization of $18.39 billion and a price-to-earnings ratio of 163.92. Viking Holdings Ltd has a 1-year low of $27.60 and a 1-year high of $53.14. The company has a 50 day moving average price of $40.77 and a 200 day moving average price of $44.08.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Viking’s revenue was up 20.5% on a year-over-year basis. On average, sell-side analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VIK shares. Loop Capital started coverage on shares of Viking in a research report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price target for the company. BNP Paribas initiated coverage on shares of Viking in a research note on Thursday, March 27th. They issued an “outperform” rating and a $47.00 price target on the stock. UBS Group lifted their price target on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, March 18th. Barclays decreased their price objective on Viking from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial boosted their price target on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, March 14th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.89.

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.