Wellington Management Group LLP Boosts Stock Position in Viking Holdings Ltd. $VIK

Wellington Management Group LLP grew its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 654.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,157,982 shares of the company’s stock after buying an additional 5,341,580 shares during the quarter. Wellington Management Group LLP owned 1.38% of Viking worth $644,556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Basecamp Wealth Advisors LLC acquired a new stake in Viking in the first quarter valued at $25,000. Activest Wealth Management grew its holdings in Viking by 19,500.0% during the 4th quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Viking during the fourth quarter worth about $28,000. Cornerstone Planning Group LLC grew its stake in Viking by 316.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock worth $29,000 after purchasing an additional 316 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Viking by 651.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after buying an additional 365 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Loop Capital began coverage on Viking in a research report on Monday, June 1st. They issued a “buy” rating and a $108.00 target price for the company. UBS Group raised their price objective on Viking from $100.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $121.00 price objective (up from $104.00) on shares of Viking in a report on Tuesday, July 14th. Stifel Nicolaus lowered their price objective on shares of Viking from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Viking from $108.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.50.

Insiders Place Their Bets

In related news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the completion of the sale, the executive vice president owned 110,930 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. Insiders have sold a total of 17,566 shares of company stock valued at $1,640,166 over the last three months.

Viking Stock Performance

Shares of NYSE VIK opened at $88.53 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.61. The stock has a 50 day simple moving average of $100.00 and a 200-day simple moving average of $87.24. The company has a market cap of $39.46 billion, a PE ratio of 29.41, a P/E/G ratio of 1.04 and a beta of 1.50. Viking Holdings Ltd. has a 12-month low of $56.37 and a 12-month high of $110.09.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 20th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. Viking had a return on equity of 117.98% and a net margin of 19.33%.The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the business earned $0.99 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities research analysts forecast that Viking Holdings Ltd. will post 3.2 EPS for the current 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.