Wealth Enhancement Advisory Services LLC Takes $3.65 Million Position in Viking Holdings Ltd. $VIK

Wealth Enhancement Advisory Services LLC purchased a new stake in Viking Holdings Ltd. (NYSE:VIK) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 48,999 shares of the company’s stock, valued at approximately $3,645,000.

A number of other institutional investors also recently added to or reduced their stakes in VIK. Invesco Ltd. raised its holdings in Viking by 32.8% in the third quarter. Invesco Ltd. now owns 14,048,357 shares of the company’s stock worth $873,246,000 after purchasing an additional 3,471,244 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Viking by 381.8% in the 3rd quarter. Federated Hermes Inc. now owns 8,474,767 shares of the company’s stock valued at $526,792,000 after buying an additional 6,715,666 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Viking by 80.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,117,783 shares of the company’s stock worth $504,601,000 after buying an additional 3,615,969 shares during the last quarter. Holocene Advisors LP raised its stake in shares of Viking by 57.9% during the 2nd quarter. Holocene Advisors LP now owns 5,706,427 shares of the company’s stock worth $304,095,000 after acquiring an additional 2,092,729 shares in the last quarter. Finally, Norges Bank purchased a new stake in Viking during the second quarter valued at approximately $236,911,000. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

NYSE VIK opened at $73.37 on Wednesday. The company has a market cap of $32.70 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.26 and a beta of 1.96. The company has a debt-to-equity ratio of 4.76, a current ratio of 0.79 and a quick ratio of 0.77. The stock’s fifty day moving average price is $73.41 and its 200 day moving average price is $67.84. Viking Holdings Ltd. has a 1 year low of $31.79 and a 1 year high of $81.48.

Viking (NYSE:VIK) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.67 EPS for the quarter. The company had revenue of $1.72 billion during the quarter. Viking had a return on equity of 240.75% and a net margin of 17.65%. As a group, equities research analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VIK shares. Wall Street Zen downgraded shares of Viking from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays raised their price objective on Viking from $63.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Morgan Stanley upped their target price on Viking from $75.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Citigroup raised their price target on Viking from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, Stifel Nicolaus upped their price objective on shares of Viking from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Viking currently has an average rating of “Moderate Buy” and an average price target of $75.21.

Viking Company 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.