Norris Perne & French LLP MI Makes New Investment in Viking Holdings Ltd. $VIK

Norris Perne & French LLP MI bought a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the third quarter, Holdings Channel.com reports. The fund bought 104,951 shares of the company’s stock, valued at approximately $8,221,000.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Viking by 654.3% in the second quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock worth $644,556,000 after buying an additional 5,341,580 shares in the last quarter. Bank of America Corp DE boosted its position in Viking by 41.0% during the first quarter. Bank of America Corp DE now owns 2,227,293 shares of the company’s stock worth $163,661,000 after acquiring an additional 647,606 shares during the last quarter. Ninety One UK Ltd grew its stake in Viking by 229.5% during the 3rd quarter. Ninety One UK Ltd now owns 1,949,815 shares of the company’s stock valued at $152,729,000 after acquiring an additional 1,358,007 shares in the last quarter. Evercore Wealth Management LLC grew its stake in Viking by 0.9% during the 1st quarter. Evercore Wealth Management LLC now owns 1,672,216 shares of the company’s stock valued at $122,874,000 after acquiring an additional 14,465 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new stake in Viking in the 2nd quarter valued at about $57,131,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Viking

In other news, EVP Milton Hugh sold 20,000 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $85.57, for a total value of $1,711,400.00. Following the completion of the sale, the executive vice president owned 585,571 shares of the company’s stock, valued at $50,107,310.47. This represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays decreased their target price on shares of Viking from $93.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Monday, August 31st. The Goldman Sachs Group upped their price target on Viking from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 31st. UBS Group restated a “buy” rating on shares of Viking in a research report on Wednesday, September 30th. Jefferies Financial Group increased their price target on Viking from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 17th. Finally, Morgan Stanley lifted their price objective on Viking from $93.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $106.61.

Key Stories Impacting Viking

Here are the key news stories impacting Viking this week:

• Neutral Sentiment: VIK was included in a broader shipping-stocks watchlist, but the report does not identify a specific new catalyst, contract, or earnings update for Viking Holdings. Shipping Stocks To Watch Today – October 21st
• Neutral Sentiment: Several articles concern Viking FK, a Norwegian soccer club, including its Champions League loss to Aston Villa and coverage of captain Zlatko Tripić. These stories are unrelated to Viking Holdings Ltd. and should not affect the stock. Barkley and Buendía on target as Aston Villa sink Viking Unai Emery’s tactical masterclass helps Aston Villa cruise past Viking
• Neutral Sentiment: Articles about Viking-era settlements, archaeological discoveries, and Norwegian history also refer to historical Vikings rather than the publicly traded cruise operator, providing no meaningful stock catalyst. The hidden Viking settlement found in North America
• Negative Sentiment: Susquehanna issued a pessimistic forecast for Viking Holdings’ stock price. The bearish research tone likely weighed on investor confidence, particularly as VIK already carries substantial leverage and is trading below its longer-term moving averages. Susquehanna Issues Pessimistic Forecast for Viking Stock Price

Viking Trading Down 3.1%

Shares of VIK opened at $82.33 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. Viking Holdings Ltd. has a 12-month low of $56.37 and a 12-month high of $110.09. The firm has a 50-day moving average price of $85.11 and a 200 day moving average price of $89.82. The firm has a market capitalization of $36.69 billion, a P/E ratio of 27.35, a P/E/G ratio of 0.99 and a beta of 1.47.

Viking (NYSE:VIK) last released its quarterly earnings data on Thursday, August 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $0.99 earnings per share. Viking’s revenue was up 16.5% compared to the same quarter last year. Sell-side analysts forecast that Viking Holdings Ltd. will post 3.14 EPS for the current year.

Viking Profile

Viking Holdings Ltd., operating under the Viking brand, is a global travel and cruise company that provides destination-focused voyages for culturally curious travelers. The company offers river, ocean and expedition cruises, combining onboard accommodations and dining with shore excursions, cultural programming and other destination-based experiences.

Viking’s river cruises operate on waterways in Europe, including the Rhine, Danube, Seine, Rhône and Douro, as well as in other regions such as Asia, Egypt and the United States.