Viking (NYSE:VIK) Sees Large Volume Increase – Still a Buy?

Shares of Viking Holdings Ltd (NYSE:VIK) saw unusually-strong trading volume on Friday . Approximately 3,842,290 shares were traded during trading, an increase of 59% from the previous session’s volume of 2,415,409 shares.The stock last traded at $39.02 and had previously closed at $39.97.

Analysts Set New Price Targets

A number of analysts have recently commented on VIK shares. The Goldman Sachs Group started coverage on Viking in a research note on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 price objective on the stock. Truist Financial boosted their price objective on Viking from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, March 14th. UBS Group boosted their price objective on Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley dropped their price objective on Viking from $53.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Barclays set a $46.00 price objective on Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average target price of $46.33.

Viking Stock Down 0.3 %

The stock has a market capitalization of $17.20 billion and a price-to-earnings ratio of 153.22. The firm has a 50-day moving average of $47.29 and a two-hundred day moving average of $42.88.

Viking (NYSE:VIK) last issued its earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts predict that Viking Holdings Ltd will post 1.49 EPS for the current year.

Institutional Trading of Viking

Several large investors have recently made changes to their positions in VIK. Avior Wealth Management LLC bought a new stake in Viking during the 3rd quarter valued at approximately $27,000. Quarry LP bought a new stake in Viking during the 4th quarter valued at approximately $66,000. Golden State Wealth Management LLC bought a new stake in Viking during the 4th quarter valued at approximately $73,000. Orion Capital Management LLC bought a new stake in Viking during the 4th quarter valued at approximately $110,000. Finally, New York State Common Retirement Fund acquired a new position in Viking in the 4th quarter valued at approximately $119,000. Institutional investors own 98.84% of the company’s stock.

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.