Kestra Private Wealth Services LLC Makes New Investment in Viking Holdings Ltd. $VIK

Kestra Private Wealth Services LLC bought a new stake in Viking Holdings Ltd. (NYSE:VIK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,216 shares of the company’s stock, valued at approximately $1,045,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VIK. Norges Bank purchased a new position in shares of Viking during the 4th quarter worth $372,297,000. Invesco Ltd. grew its holdings in shares of Viking by 32.8% in the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock valued at $873,246,000 after purchasing an additional 3,471,244 shares during the period. AQR Capital Management LLC grew its holdings in shares of Viking by 316.8% in the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after purchasing an additional 3,364,265 shares during the period. Dream Peak Capital Ltd acquired a new stake in Viking during the fourth quarter worth about $223,744,000. Finally, State Street Corp increased its position in Viking by 34,748.5% during the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after purchasing an additional 1,806,920 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIK has been the topic of several recent analyst reports. Stifel Nicolaus set a $105.00 target price on shares of Viking in a report on Friday, May 15th. Susquehanna raised their price target on shares of Viking from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Friday, May 15th. Loop Capital assumed coverage on shares of Viking in a research report on Monday, June 1st. They set a “buy” rating and a $108.00 price target on the stock. Truist Financial upgraded Viking from a “hold” rating to a “buy” rating and upped their price objective for the company from $75.00 to $102.00 in a report on Friday, May 22nd. Finally, Weiss Ratings cut Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.38.

Insiders Place Their Bets

In related news, EVP Jeffrey Dash sold 46,369 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $80.23, for a total transaction of $3,720,184.87. Following the transaction, the executive vice president owned 420,022 shares of the company’s stock, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Marnell sold 6,120 shares of Viking stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the transaction, the executive vice president directly owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. This represents a 5.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,566 shares of company stock valued at $7,657,130 over the last ninety days.

Viking Stock Performance

NYSE:VIK opened at $104.75 on Wednesday. Viking Holdings Ltd. has a fifty-two week low of $52.66 and a fifty-two week high of $105.76. The company has a debt-to-equity ratio of 5.27, a quick ratio of 0.76 and a current ratio of 0.78. The company has a 50 day moving average price of $89.00 and a 200 day moving average price of $78.93. The stock has a market capitalization of $46.68 billion, a P/E ratio of 38.94, a PEG ratio of 1.52 and a beta of 1.59.

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