UBS Group AG Buys 1,046,270 Shares of Viking Holdings Ltd. $VIK

UBS Group AG lifted its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,547,943 shares of the company’s stock after acquiring an additional 1,046,270 shares during the quarter. UBS Group AG’s holdings in Viking were worth $181,949,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Viking during the 3rd quarter worth about $26,000. CI Investments Inc. boosted its stake in shares of Viking by 53.1% during the 3rd quarter. CI Investments Inc. now owns 551 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Viking by 158.3% during the 4th quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $39,000 after acquiring an additional 334 shares in the last quarter. Steph & Co. bought a new stake in Viking during the 4th quarter valued at approximately $40,000. Finally, Allworth Financial LP boosted its stake in Viking by 342.0% during the 3rd quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $41,000 after purchasing an additional 513 shares during the period. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

Shares of NYSE:VIK opened at $78.46 on Thursday. The business has a 50 day moving average price of $75.64 and a 200 day moving average price of $70.47. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 4.76. Viking Holdings Ltd. has a twelve month low of $38.50 and a twelve month high of $87.00. The company has a market cap of $34.97 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 1.49 and a beta of 1.90.

Viking (NYSE:VIK) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.67 EPS for the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%.The company had revenue of $1.72 billion during the quarter. Research analysts predict that Viking Holdings Ltd. will post 3.31 earnings per share for the current year.

Insider Activity at Viking

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total value of $3,720,184.87. Following the completion of the sale, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. This trade represents a 9.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

VIK has been the subject of several recent analyst reports. Barclays decreased their target price on Viking from $77.00 to $76.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. JPMorgan Chase & Co. increased their target price on Viking from $87.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley increased their target price on Viking from $75.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Stifel Nicolaus increased their target price on Viking from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Rothschild & Co Redburn set a $95.00 target price on Viking and gave the company a “buy” rating in a research note on Tuesday, April 14th. Eleven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Viking has an average rating of “Moderate Buy” and a consensus price target of $84.14.

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.