Sumitomo Mitsui Trust Group Inc. Has $1.56 Million Position in Viking Holdings Ltd. (NYSE:VIK)

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,200 shares of the company’s stock after selling 3,888 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Viking were worth $1,558,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of Viking during the fourth quarter valued at $66,000. Orion Capital Management LLC acquired a new position in shares of Viking during the fourth quarter valued at $110,000. Rhumbline Advisers acquired a new position in shares of Viking during the fourth quarter valued at $130,000. Golden State Wealth Management LLC lifted its stake in shares of Viking by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 3,300 shares of the company’s stock valued at $131,000 after acquiring an additional 1,650 shares during the period. Finally, Vestcor Inc acquired a new position in shares of Viking during the fourth quarter valued at $141,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Price Performance

NYSE VIK opened at $55.56 on Friday. The firm has a market cap of $24.62 billion, a P/E ratio of 45.17, a P/E/G ratio of 0.68 and a beta of 2.38. The stock’s 50-day moving average is $46.94 and its 200-day moving average is $45.28. Viking Holdings Ltd. has a one year low of $30.56 and a one year high of $55.77.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $897.06 million for the quarter, compared to analyst estimates of $841.18 million. Viking had a negative return on equity of 128.44% and a net margin of 9.60%. Viking’s revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.21) earnings per share. Equities analysts anticipate that Viking Holdings Ltd. will post 1.49 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays cut their price target on Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. increased their target price on Viking from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. UBS Group increased their target price on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Truist Financial increased their target price on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, March 14th. Finally, Loop Capital reissued a “buy” rating on shares of Viking in a research note on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.87.

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.