Verition Fund Management LLC Boosts Stake in Viking Holdings Ltd (NYSE:VIK)

Verition Fund Management LLC increased its stake in Viking Holdings Ltd (NYSE:VIK) by 22.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,965 shares of the company’s stock after acquiring an additional 32,474 shares during the period. Verition Fund Management LLC’s holdings in Viking were worth $6,105,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new position in Viking during the second quarter valued at approximately $2,063,879,000. FMR LLC boosted its stake in shares of Viking by 27.8% in the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after purchasing an additional 1,518,773 shares in the last quarter. Select Equity Group L.P. purchased a new stake in shares of Viking in the 2nd quarter valued at $145,989,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Viking by 36.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after purchasing an additional 793,795 shares during the last quarter. Finally, D1 Capital Partners L.P. raised its position in Viking by 192.9% in the 3rd quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock worth $90,231,000 after purchasing an additional 1,703,301 shares during the period.

Viking Trading Down 0.5 %

Shares of NYSE VIK opened at $46.23 on Tuesday. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $47.62. The company’s 50-day moving average is $40.35 and its 200 day moving average is $35.60.

Wall Street Analyst Weigh In

VIK has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Wells Fargo & Company increased their price objective on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Barclays lifted their target price on shares of Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Bank of America increased their price target on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.92.

About Viking

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.