500 Shares in Viking Holdings Ltd. $VIK Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. acquired a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 500 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors have also made changes to their positions in the company. Private Trust Co. NA acquired a new stake in shares of Viking during the second quarter worth $29,000. Costello Asset Management INC acquired a new position in Viking in the first quarter valued at about $33,000. Harbour Investments Inc. grew its stake in Viking by 37.2% in the first quarter. Harbour Investments Inc. now owns 1,277 shares of the company’s stock valued at $51,000 after acquiring an additional 346 shares during the period. NewEdge Advisors LLC grew its stake in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock valued at $57,000 after acquiring an additional 690 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Viking by 4,400.0% in the second quarter. Farther Finance Advisors LLC now owns 2,250 shares of the company’s stock valued at $120,000 after acquiring an additional 2,200 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VIK. Stifel Nicolaus boosted their target price on Viking from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Truist Financial boosted their target price on Viking from $55.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, September 19th. Mizuho began coverage on Viking in a research note on Friday, October 10th. They issued an “underperform” rating and a $54.00 target price for the company. Citigroup boosted their target price on Viking from $57.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Viking in a research note on Wednesday, October 8th. Nine equities research 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 MarketBeat, Viking currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.93.

Viking Stock Up 0.8%

VIK stock opened at $61.31 on Wednesday. The company has a debt-to-equity ratio of 19.33, a current ratio of 0.64 and a quick ratio of 0.62. The stock has a market capitalization of $27.17 billion, a P/E ratio of 33.14, a P/E/G ratio of 0.71 and a beta of 2.24. The business has a 50-day moving average of $61.30 and a 200-day moving average of $52.98. Viking Holdings Ltd. has a fifty-two week low of $31.79 and a fifty-two week high of $65.37.

Viking (NYSE:VIK) last posted its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.01). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.84 billion. Viking had a negative return on equity of 374.71% and a net margin of 13.99%.The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. On average, sell-side analysts anticipate 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.