Keybank National Association OH Purchases 8,053 Shares of Viking Holdings Ltd. $VIK

Keybank National Association OH boosted its position in shares of Viking Holdings Ltd. (NYSE:VIK) by 142.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,687 shares of the company’s stock after purchasing an additional 8,053 shares during the period. Keybank National Association OH’s holdings in Viking were worth $851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. acquired a new position in shares of Viking in the 2nd quarter worth approximately $27,000. Private Trust Co. NA bought a new stake in shares of Viking during the second quarter worth $29,000. TFC Financial Management Inc. acquired a new stake in shares of Viking in the third quarter valued at $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Viking in the second quarter valued at about $53,000. Finally, NewEdge Advisors LLC lifted its position in Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $80.00 in a report on Monday, December 15th. Bank of America boosted their price objective on shares of Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. UBS Group upped their price objective on Viking from $69.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. lifted their target price on Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Viking Price Performance

VIK opened at $74.43 on Thursday. The company has a fifty day moving average price of $70.71 and a two-hundred day moving average price of $64.05. The firm has a market capitalization of $32.98 billion, a PE ratio of 34.78, a P/E/G ratio of 0.64 and a beta of 2.07. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $76.68. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63.

Viking (NYSE:VIK) last posted its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. Viking had a return on equity of 716.92% and a net margin of 15.53%.The firm’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the company earned $0.89 EPS. As a group, analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current 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.