Evercore Wealth Management LLC Acquires 14,465 Shares of Viking Holdings Ltd. $VIK

Evercore Wealth Management LLC boosted its holdings in Viking Holdings Ltd. (NYSE:VIK) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,672,216 shares of the company’s stock after buying an additional 14,465 shares during the period. Viking makes up about 1.9% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Evercore Wealth Management LLC’s holdings in Viking were worth $122,874,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VIK. Activest Wealth Management grew its stake in shares of Viking by 19,500.0% in the fourth quarter. Activest Wealth Management now owns 392 shares of the company’s stock worth $28,000 after acquiring an additional 390 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Viking during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC raised its stake in Viking by 316.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 416 shares of the company’s stock valued at $29,000 after purchasing an additional 316 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Viking by 651.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 421 shares of the company’s stock valued at $30,000 after purchasing an additional 365 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Viking in the 3rd quarter valued at $26,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on VIK. BMO Capital Markets began coverage on shares of Viking in a report on Tuesday, July 7th. They set an “outperform” rating and a $115.00 price objective on the stock. Weiss Ratings cut shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Jefferies Financial Group lifted their target price on Viking from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Sanford C. Bernstein assumed coverage on Viking in a research note on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price target on the stock. Finally, Wall Street Zen cut Viking from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.39.

Viking Stock Up 2.3%

VIK opened at $103.00 on Tuesday. The company has a market capitalization of $45.90 billion, a P/E ratio of 38.29, a P/E/G ratio of 1.16 and a beta of 1.48. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76. The firm’s fifty day moving average price is $95.51 and its two-hundred day moving average price is $82.63. Viking Holdings Ltd. has a fifty-two week low of $55.55 and a fifty-two week high of $105.76.

Viking (NYSE:VIK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Viking had a net margin of 18.00% and a return on equity of 149.40%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) EPS. On average, analysts anticipate that Viking Holdings Ltd. will post 3.32 EPS for the current year.

Insider Buying and Selling at Viking

In related news, EVP Richard Marnell sold 6,120 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $94.30, for a total value of $577,116.00. Following the sale, the executive vice president owned 110,930 shares of the company’s stock, valued at $10,460,699. The trade was a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 17,566 shares of company stock worth $1,640,166.

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.