Viking Holdings Ltd. $VIK Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Viking Holdings Ltd. (NYSE:VIK) by 1,659.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,319,430 shares of the company’s stock after purchasing an additional 1,244,453 shares during the period. Geode Capital Management LLC owned about 0.30% of Viking worth $70,312,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VIK. Central Pacific Bank Trust Division increased its position in shares of Viking by 2.4% in the second quarter. Central Pacific Bank Trust Division now owns 11,887 shares of the company’s stock valued at $633,000 after buying an additional 274 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in Viking by 20.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,982 shares of the company’s stock valued at $106,000 after acquiring an additional 332 shares in the last quarter. Harbour Investments Inc. raised its position in Viking by 37.2% during the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock worth $51,000 after acquiring an additional 346 shares during the last quarter. Commerce Bank lifted its holdings in shares of Viking by 4.7% in the first quarter. Commerce Bank now owns 8,936 shares of the company’s stock valued at $355,000 after purchasing an additional 399 shares in the last quarter. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Viking in the second quarter valued at about $27,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Stock Performance

Viking stock opened at $63.80 on Friday. The firm has a market capitalization of $28.27 billion, a P/E ratio of 29.81, a PEG ratio of 0.75 and a beta of 2.20. The stock has a fifty day moving average price of $60.32 and a 200 day moving average price of $56.28. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $65.37. The company has a current ratio of 0.63, a quick ratio of 0.62 and a debt-to-equity ratio of 5.68.

Viking (NYSE:VIK) last issued its quarterly earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Viking had a return on equity of 716.92% and a net margin of 15.53%.The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the company earned $0.89 EPS. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. Equities research analysts anticipate that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

VIK has been the subject of a number of recent research reports. Mizuho set a $59.00 price objective on shares of Viking in a research note on Wednesday. Wall Street Zen downgraded Viking from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group upped their price objective on Viking from $64.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays lifted their price objective on Viking from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Truist Financial upped their target price on shares of Viking from $55.00 to $59.00 and gave the company a “hold” rating in a report on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Viking has an average rating of “Hold” and a consensus price target of $61.38.

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.