Select Equity Group L.P. Boosts Position in Viking Holdings Ltd (NYSE:VIK)

Select Equity Group L.P. increased its stake in Viking Holdings Ltd (NYSE:VIK) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,279,911 shares of the company’s stock after purchasing an additional 3,658,225 shares during the period. Viking makes up approximately 3.0% of Select Equity Group L.P.’s portfolio, making the stock its 8th biggest holding. Select Equity Group L.P.’s holdings in Viking were worth $761,353,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in 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 acquiring an additional 285 shares during the last quarter. Quarry LP bought a new position in Viking during the fourth quarter valued at approximately $66,000. Golden State Wealth Management LLC bought a new position in Viking during the fourth quarter valued at approximately $73,000. New York State Common Retirement Fund bought a new position in Viking during the fourth quarter valued at approximately $119,000. Finally, Rhumbline Advisers bought a new position in Viking during the fourth quarter valued at approximately $130,000. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Northcoast Research assumed coverage on shares of Viking in a research report on Friday, April 25th. They set a “buy” rating and a $51.00 price target on the stock. The Goldman Sachs Group reduced their price target on shares of Viking from $51.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Barclays reduced their price target on shares of Viking from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Melius Research set a $51.00 target price on shares of Viking in a report on Monday, April 21st. Finally, Morgan Stanley cut their target price on shares of Viking from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and a consensus price target of $46.89.

Viking Stock Up 4.7%

NYSE:VIK opened at $48.37 on Friday. The stock has a market cap of $20.87 billion and a P/E ratio of 186.05. The firm’s fifty day simple moving average is $40.80 and its 200 day simple moving average is $44.40. Viking Holdings Ltd has a twelve month low of $28.05 and a twelve month high of $53.14.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

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.