Jump Financial LLC Trims Stake in Viking Holdings Ltd. $VIK

Jump Financial LLC lessened its holdings in Viking Holdings Ltd. (NYSE:VIK) by 54.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,892 shares of the company’s stock after selling 86,724 shares during the period. Jump Financial LLC’s holdings in Viking were worth $3,938,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Select Equity Group L.P. grew its position in Viking by 8.0% during the first quarter. Select Equity Group L.P. now owns 18,656,810 shares of the company’s stock worth $741,608,000 after buying an additional 1,376,899 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Viking by 400.3% in the 2nd quarter. Invesco Ltd. now owns 10,577,113 shares of the company’s stock valued at $563,654,000 after acquiring an additional 8,462,947 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Viking by 6.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,828,203 shares of the company’s stock valued at $350,922,000 after acquiring an additional 528,843 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Viking by 69.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,501,814 shares of the company’s stock worth $239,902,000 after purchasing an additional 1,843,533 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Viking in the second quarter worth approximately $236,911,000. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on VIK. JPMorgan Chase & Co. lifted their target price on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley raised their price objective on shares of Viking from $62.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. The Goldman Sachs Group raised shares of Viking from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $66.00 to $78.00 in a report on Tuesday. Truist Financial upped their target price on shares of Viking from $59.00 to $61.00 and gave the stock a “hold” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Viking in a research note on Monday, December 1st. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.69.

Viking Trading Up 1.4%

Shares of VIK opened at $68.74 on Thursday. The firm has a market cap of $30.46 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 0.78 and a beta of 2.12. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.61 and a current ratio of 0.63. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $69.42. The firm has a 50 day moving average price of $61.75 and a 200-day moving average price of $58.27.

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