Viking Holdings Ltd. $VIK Shares Sold by Evolutionary Tree Capital Management LLC

Evolutionary Tree Capital Management LLC trimmed its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 26.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 27,018 shares of the company’s stock after selling 9,645 shares during the period. Viking accounts for about 3.7% of Evolutionary Tree Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Evolutionary Tree Capital Management LLC’s holdings in Viking were worth $1,985,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Viking in the 4th quarter valued at approximately $372,297,000. Invesco Ltd. grew its holdings in Viking by 32.8% during the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after acquiring an additional 3,471,244 shares during the period. AQR Capital Management LLC grew its holdings in Viking by 316.8% during the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock worth $316,082,000 after acquiring an additional 3,364,265 shares during the period. State Street Corp raised its position in Viking by 34,748.5% in the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock worth $96,568,000 after acquiring an additional 1,806,920 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in Viking in the fourth quarter worth $113,364,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Viking news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $94.30, for a total value of $577,116.00. Following the sale, the executive vice president owned 110,930 shares of the company’s stock, valued at approximately $10,460,699. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 17,566 shares of company stock valued at $1,640,166 over the last quarter.

Viking Stock Performance

VIK opened at $104.17 on Friday. Viking Holdings Ltd. has a 1-year low of $55.55 and a 1-year high of $105.86. The stock has a market cap of $46.43 billion, a P/E ratio of 38.72, a P/E/G ratio of 1.20 and a beta of 1.48. The stock’s 50 day simple moving average is $97.16 and its 200 day simple moving average is $83.44. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76.

Viking (NYSE:VIK) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a return on equity of 149.40% and a net margin of 18.00%.Viking’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) earnings per share. As a group, equities analysts anticipate that Viking Holdings Ltd. will post 3.32 EPS for the current fiscal year.

Viking News Summary

Here are the key news stories impacting Viking this week:

• Positive Sentiment: Goldman Sachs raised its price target to $120 from $108 and upgraded Viking to “Buy,” implying approximately 15% upside from the referenced price. The endorsement may support investor confidence and reflects a more favorable outlook for Viking’s earnings and growth. Benzinga
• Positive Sentiment: Viking took delivery of the new European river ship Viking Dagur, adding capacity to its fleet and supporting future itinerary growth. Viking Takes Delivery of Viking Dagur in Europe
• Positive Sentiment: Viking announced its first Chinese-language journeys for Northern Europe, expanding its addressable customer base and potentially improving demand from Chinese-speaking travelers. Viking First Chinese-Language Journeys for Northern Europe
• Neutral Sentiment: A report about oral VK2735 entering Phase III development concerns Viking Therapeutics (NASDAQ: VKTX), not Viking Holdings (NYSE: VIK), and therefore should not affect VIK’s valuation. Viking Therapeutics VK2735 Development
• Negative Sentiment: A Viking river ship ran aground on the Danube in Bulgaria amid unusually low water levels, and travelers were reportedly evacuated. Although the incident appears weather- or water-level-related, disruptions, customer compensation, and negative publicity could weigh modestly on near-term results and brand perception. Viking Ship Runs Aground in Europe

Analyst Upgrades and Downgrades

A number of research firms have commented on VIK. BNP Paribas Exane reissued an “outperform” rating and issued a $121.00 target price (up from $104.00) on shares of Viking in a report on Tuesday, July 14th. Jefferies Financial Group upped their price target on shares of Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Wells Fargo & Company upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $79.00 to $109.00 in a report on Monday, May 18th. Wall Street Zen cut shares of Viking from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, BMO Capital Markets initiated coverage on shares of Viking in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $115.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.06.

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.