NFJ Investment Group LLC Acquires Shares of 56,678 Viking Holdings Ltd. $VIK

NFJ Investment Group LLC acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) during the fourth quarter, HoldingsChannel reports. The firm acquired 56,678 shares of the company’s stock, valued at approximately $4,047,000.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Viking in the third quarter valued at $26,000. Activest Wealth Management increased its stake in Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock valued at $28,000 after purchasing an additional 390 shares during the period. Bank of Jackson Hole Trust acquired a new position in Viking in the fourth quarter valued at $28,000. Cornerstone Planning Group LLC increased its stake in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VIK shares. Wall Street Zen upgraded shares of Viking from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $79.00 to $109.00 in a research note on Monday, May 18th. Citigroup reiterated a “buy” rating on shares of Viking in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating and set a $100.00 price target on shares of Viking in a research note on Wednesday, May 27th. Finally, Mizuho boosted their price target on shares of Viking from $69.00 to $75.00 and gave the stock an “underperform” rating in a research note on Friday, May 15th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $96.38.

Insider Activity

In other news, EVP Jeffrey Dash sold 46,369 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the transaction, the executive vice president directly owned 420,022 shares in the company, valued at $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Viking Trading Down 0.2%

Shares of Viking stock opened at $92.04 on Monday. Viking Holdings Ltd. has a 52-week low of $46.06 and a 52-week high of $94.99. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 5.27. The company’s 50-day simple moving average is $83.71 and its 200-day simple moving average is $76.17. The firm has a market cap of $41.02 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 1.33 and a beta of 1.59.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted ($0.24) earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Viking Holdings Ltd. will post 3.28 earnings per share for the current year.

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.