Sumitomo Mitsui Trust Group Inc. Grows Position in Viking Holdings Ltd (NYSE:VIK)

Sumitomo Mitsui Trust Group Inc. grew its stake in Viking Holdings Ltd (NYSE:VIK) by 32.9% during the 3rd quarter, Holdings Channel reports. The fund owned 39,307 shares of the company’s stock after acquiring an additional 9,722 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Viking were worth $1,371,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VIK. GSA Capital Partners LLP acquired a new stake in shares of Viking during the 3rd quarter worth about $2,182,000. Entropy Technologies LP purchased a new position in shares of Viking during the third quarter valued at approximately $830,000. Diversify Wealth Management LLC acquired a new stake in Viking during the third quarter worth approximately $2,174,000. China Universal Asset Management Co. Ltd. purchased a new stake in Viking in the 3rd quarter worth approximately $204,000. Finally, International Assets Investment Management LLC acquired a new position in Viking in the 3rd quarter valued at $2,222,000.

Viking Trading Down 0.7 %

VIK opened at $45.07 on Wednesday. The company has a 50 day moving average of $38.29 and a two-hundred day moving average of $34.62. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $46.25.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. On average, research analysts expect that Viking Holdings Ltd will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VIK. Stifel Nicolaus lifted their price objective on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company lifted their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Bank of America increased their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $40.50.

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.