Oppenheimer Asset Management Inc. Acquires Shares of 26,669 Viking Holdings Ltd. $VIK

Oppenheimer Asset Management Inc. bought a new position in Viking Holdings Ltd. (NYSE:VIK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,669 shares of the company’s stock, valued at approximately $1,658,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. boosted its stake in Viking by 400.3% in the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock worth $563,654,000 after purchasing an additional 8,462,947 shares in the last quarter. Federated Hermes Inc. raised its holdings in Viking by 381.8% in the third quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock worth $526,792,000 after buying an additional 6,715,666 shares during the last quarter. Norges Bank purchased a new position in Viking in the second quarter worth about $236,911,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Viking by 80.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after buying an additional 3,615,969 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Viking by 57.9% during the second quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock valued at $304,095,000 after buying an additional 2,092,729 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Viking Stock Performance

Shares of NYSE VIK opened at $75.17 on Friday. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $78.81. The firm has a market capitalization of $33.31 billion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 0.66 and a beta of 2.07. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68. The firm has a 50 day moving average of $71.95 and a 200 day moving average of $64.87.

Viking (NYSE:VIK) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

VIK has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Viking from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $66.00 to $78.00 in a report on Tuesday, December 9th. Jefferies Financial Group upgraded shares of Viking from a “hold” rating to a “buy” rating and upped their target price for the company from $60.00 to $80.00 in a research note on Monday, December 15th. Wells Fargo & Company raised their price target on shares of Viking from $56.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Viking from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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.