120,042 Shares in Viking Holdings Ltd. $VIK Purchased by Numerai GP LLC

Numerai GP LLC acquired a new stake in Viking Holdings Ltd. (NYSE:VIK) in the third quarter, HoldingsChannel.com reports. The fund acquired 120,042 shares of the company’s stock, valued at approximately $7,462,000. Viking accounts for 1.1% of Numerai GP LLC’s portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Viking by 92.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after buying an additional 690 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Viking by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 29,179 shares of the company’s stock valued at $1,555,000 after buying an additional 1,766 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Viking by 1,063.5% in the second quarter. Bank of New York Mellon Corp now owns 292,676 shares of the company’s stock valued at $15,597,000 after buying an additional 267,521 shares in the last quarter. Geode Capital Management LLC grew its holdings in Viking by 1,659.8% during the second quarter. Geode Capital Management LLC now owns 1,319,430 shares of the company’s stock worth $70,312,000 after acquiring an additional 1,244,453 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in Viking during the second quarter worth $1,636,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen raised Viking from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. UBS Group upped their price target on shares of Viking from $79.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Mizuho increased their price target on shares of Viking from $59.00 to $69.00 and gave the company an “underperform” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of Viking from $73.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, Jefferies Financial Group raised shares of Viking from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $80.00 in a report on Monday, December 15th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.67.

Viking Stock Performance

Shares of VIK stock opened at $71.25 on Tuesday. The stock has a fifty day moving average price of $73.43 and a 200 day moving average price of $67.23. The company has a debt-to-equity ratio of 4.76, a quick ratio of 0.77 and a current ratio of 0.79. The stock has a market cap of $31.76 billion, a PE ratio of 27.73, a P/E/G ratio of 1.26 and a beta of 1.96. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $81.48.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.13. Viking had a return on equity of 240.75% and a net margin of 17.65%.The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The business’s revenue was up 27.8% on a year-over-year basis. Sell-side analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

About Viking

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.