Viking Holdings Ltd. $VIK Shares Purchased by Odyssean LLC

Odyssean LLC boosted its holdings in Viking Holdings Ltd. (NYSE:VIK) by 55.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 32,226 shares of the company’s stock after purchasing an additional 11,479 shares during the quarter. Viking accounts for about 0.5% of Odyssean LLC’s portfolio, making the stock its 11th biggest position. Odyssean LLC’s holdings in Viking were worth $3,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of Viking by 4.1% during the 4th quarter. Invesco Ltd. now owns 14,619,029 shares of the company’s stock valued at $1,043,945,000 after purchasing an additional 570,672 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Viking by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 8,611,685 shares of the company’s stock worth $614,960,000 after purchasing an additional 136,918 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Viking by 654.3% in the 2nd quarter. Wellington Management Group LLP now owns 6,157,982 shares of the company’s stock worth $644,556,000 after purchasing an additional 5,341,580 shares in the last quarter. Norges Bank acquired a new stake in Viking during the fourth quarter valued at approximately $372,297,000. Finally, AQR Capital Management LLC lifted its stake in Viking by 316.8% during the fourth quarter. AQR Capital Management LLC now owns 4,426,297 shares of the company’s stock valued at $316,082,000 after purchasing an additional 3,364,265 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Viking from $108.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Stifel Nicolaus cut their price objective on Viking from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Citigroup raised their price objective on Viking from $101.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Jefferies Financial Group lifted their target price on Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Wall Street Zen lowered Viking from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Viking has a consensus rating of “Moderate Buy” and an average price target of $107.50.

Viking Stock Performance

Shares of VIK opened at $92.12 on Wednesday. Viking Holdings Ltd. has a one year low of $56.37 and a one year high of $110.09. The company has a 50-day moving average of $100.41 and a two-hundred day moving average of $87.01. The stock has a market cap of $41.06 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 1.08 and a beta of 1.50. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.81 and a quick ratio of 0.79.

Viking (NYSE:VIK) last released its earnings results on Wednesday, August 19th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. Viking had a net margin of 19.33% and a return on equity of 117.98%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm posted $0.99 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts expect that Viking Holdings Ltd. will post 3.19 earnings per share for the current year.

Insider Buying and Selling

In other Viking news, EVP Richard Marnell sold 11,287 shares of Viking stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $92.85, for a total transaction of $1,047,997.95. Following the transaction, the executive vice president directly owned 117,050 shares in the company, valued at approximately $10,868,092.50. The trade was a 8.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 17,566 shares of company stock valued at $1,640,166.

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.