Viking Holdings Ltd. $VIK Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its stake in shares of Viking Holdings Ltd. (NYSE:VIK) by 16.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 784,273 shares of the company’s stock after selling 149,800 shares during the quarter. Primecap Management Co. CA’s holdings in Viking were worth $48,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. US Bancorp DE raised its position in shares of Viking by 42.4% during the 3rd quarter. US Bancorp DE now owns 21,379 shares of the company’s stock worth $1,329,000 after purchasing an additional 6,362 shares during the last quarter. Colonial Trust Advisors boosted its holdings in Viking by 13.8% in the 3rd quarter. Colonial Trust Advisors now owns 83,790 shares of the company’s stock worth $5,208,000 after buying an additional 10,175 shares during the last quarter. Colonial Trust Co SC increased its stake in Viking by 11.0% during the 3rd quarter. Colonial Trust Co SC now owns 42,521 shares of the company’s stock worth $2,643,000 after buying an additional 4,221 shares in the last quarter. Dakota Wealth Management acquired a new position in shares of Viking during the third quarter valued at approximately $576,000. Finally, Aurora Investment Counsel purchased a new position in shares of Viking in the third quarter valued at approximately $1,106,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VIK shares. Citigroup boosted their price target on Viking from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Bank of America lifted their target price on shares of Viking from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Morgan Stanley upped their target price on shares of Viking from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. The Goldman Sachs Group raised shares of Viking from a “neutral” rating to a “buy” rating and raised their price target for the stock from $66.00 to $78.00 in a research note on Tuesday, December 9th. Finally, Mizuho set a $59.00 price target on shares of Viking in a research report on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and an average target price of $69.00.

Viking Stock Up 0.6%

Shares of NYSE:VIK opened at $79.66 on Friday. Viking Holdings Ltd. has a 52-week low of $31.79 and a 52-week high of $81.48. The stock has a market cap of $35.30 billion, a P/E ratio of 37.22, a PEG ratio of 0.69 and a beta of 2.07. The business has a fifty day moving average of $73.49 and a two-hundred day moving average of $66.11. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.68.

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.