Jones Financial Companies Lllp Has $232,000 Stock Position in Viking Holdings Ltd (NYSE:VIK)

Jones Financial Companies Lllp boosted its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 62.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,268 shares of the company’s stock after buying an additional 2,016 shares during the period. Jones Financial Companies Lllp’s holdings in Viking were worth $232,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Avior Wealth Management LLC raised its position in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after buying an additional 285 shares during the period. CIBC Asset Management Inc raised its position in Viking by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock valued at $408,000 after buying an additional 491 shares during the period. Merit Financial Group LLC raised its position in Viking by 3.5% during the fourth quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock valued at $916,000 after buying an additional 700 shares during the period. Simon Quick Advisors LLC raised its position in Viking by 7.2% during the fourth quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock valued at $767,000 after buying an additional 1,165 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in Viking in the 4th quarter worth about $73,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VIK. Truist Financial upped their target price on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Citigroup began coverage on Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price on the stock. The Goldman Sachs Group began coverage on Viking in a research report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price on the stock. Loop Capital began coverage on Viking in a research report on Tuesday, February 4th. They issued a “buy” rating and a $55.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.93.

Viking Stock Performance

Shares of NYSE:VIK opened at $39.35 on Friday. The business has a 50 day moving average price of $47.64 and a 200 day moving average price of $42.70. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14.

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

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.