Viking Holdings Ltd (NYSE:VIK) Stake Lessened by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 23.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 648,652 shares of the company’s stock after selling 193,432 shares during the quarter. Ameriprise Financial Inc.’s holdings in Viking were worth $28,580,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Viking in the 4th quarter worth about $245,038,000. Capital Research Global Investors increased its holdings in Viking by 26.0% in the fourth quarter. Capital Research Global Investors now owns 12,086,045 shares of the company’s stock valued at $532,511,000 after buying an additional 2,492,724 shares during the last quarter. Invesco Ltd. bought a new stake in Viking in the fourth quarter valued at about $59,036,000. Renaissance Technologies LLC raised its stake in Viking by 150.2% during the fourth quarter. Renaissance Technologies LLC now owns 2,095,305 shares of the company’s stock valued at $92,319,000 after buying an additional 1,258,005 shares in the last quarter. Finally, Evercore Wealth Management LLC bought a new position in Viking during the 4th quarter worth approximately $53,834,000. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VIK has been the subject of a number of research analyst reports. Northcoast Research started coverage on Viking in a report on Friday, April 25th. They issued a “buy” rating and a $51.00 price target for the company. Jefferies Financial Group started coverage on shares of Viking in a research note on Monday, March 31st. They set a “hold” rating and a $45.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Redburn Atlantic raised shares of Viking to a “hold” rating in a report on Tuesday, April 1st. Finally, UBS Group increased their price objective on shares of Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.89.

Viking Price Performance

Shares of Viking stock opened at $46.15 on Wednesday. Viking Holdings Ltd has a 1-year low of $27.60 and a 1-year high of $53.14. The business’s fifty day moving average price is $40.51 and its two-hundred day moving average price is $44.27. The company has a market capitalization of $19.91 billion and a P/E ratio of 177.50.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 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 analyst estimates of $1.34 billion. Viking’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, research analysts expect that Viking Holdings Ltd will post 1.49 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.