Norges Bank Takes Position in Viking Holdings Ltd (NYSE:VIK)

Norges Bank bought a new stake in Viking Holdings Ltd (NYSE:VIK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,561,462 shares of the company’s stock, valued at approximately $245,038,000. Norges Bank owned approximately 1.29% of Viking at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VIK. Avior Wealth Management LLC grew its holdings in shares of Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after buying an additional 285 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Viking in the 4th quarter valued at about $73,000. New York State Common Retirement Fund acquired a new position in Viking during the 4th quarter valued at about $119,000. Rhumbline Advisers bought a new stake in Viking during the 4th quarter worth approximately $130,000. Finally, Vestcor Inc purchased a new stake in shares of Viking in the fourth quarter worth approximately $141,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VIK. Citigroup started coverage on Viking in a report on Thursday, December 19th. They set a “buy” rating and a $54.00 price target for the company. Barclays set a $46.00 target price on shares of Viking and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. UBS Group raised their price target on shares of Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co. increased their price objective on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Finally, BNP Paribas started coverage on shares of Viking in a research report on Thursday. They set an “outperform” rating and a $47.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $46.38.

Viking Stock Down 4.6 %

Shares of NYSE:VIK opened at $39.35 on Monday. The firm has a market capitalization of $16.98 billion and a PE ratio of 151.33. The company has a 50-day moving average price of $46.85 and a two-hundred day moving average price of $43.38. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The firm’s revenue was up 20.5% on a year-over-year basis. Analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Viking Company 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.