Goldman Sachs Group Inc. Acquires 1,480,604 Shares of Viking Holdings Ltd. $VIK

Goldman Sachs Group Inc. boosted its holdings in Viking Holdings Ltd. (NYSE:VIK) by 406.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,844,499 shares of the company’s stock after purchasing an additional 1,480,604 shares during the period. Goldman Sachs Group Inc. owned approximately 0.42% of Viking worth $131,716,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VIK. NewEdge Advisors LLC lifted its stake in Viking by 92.0% in the first quarter. NewEdge Advisors LLC now owns 1,440 shares of the company’s stock worth $57,000 after purchasing an additional 690 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Viking during the second quarter valued at about $303,000. Daiwa Securities Group Inc. bought a new position in shares of Viking during the second quarter valued at about $922,000. State Street Corp raised its stake in shares of Viking by 34,748.5% during the second quarter. State Street Corp now owns 1,812,120 shares of the company’s stock valued at $96,568,000 after acquiring an additional 1,806,920 shares during the last quarter. Finally, Nebula Research & Development LLC raised its stake in shares of Viking by 275.0% during the second quarter. Nebula Research & Development LLC now owns 30,257 shares of the company’s stock valued at $1,612,000 after acquiring an additional 22,188 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on VIK. Stifel Nicolaus set a $105.00 price objective on shares of Viking in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $86.00 price objective (up from $81.00) on shares of Viking in a research note on Friday, May 15th. Citigroup reaffirmed a “buy” rating on shares of Viking in a research note on Friday, May 15th. Barclays upped their price objective on shares of Viking from $76.00 to $88.00 and gave the company an “equal weight” rating in a research note on Friday, May 15th. Finally, UBS Group reaffirmed a “buy” rating and set a $100.00 price objective on shares of Viking in a research note on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.38.

Viking Price Performance

VIK stock opened at $88.94 on Tuesday. Viking Holdings Ltd. has a 1 year low of $46.06 and a 1 year high of $93.70. The company has a market cap of $39.64 billion, a P/E ratio of 33.06, a PEG ratio of 1.30 and a beta of 1.59. The firm has a 50-day moving average of $82.17 and a 200 day moving average of $75.37. The company has a debt-to-equity ratio of 5.27, a current ratio of 0.78 and a quick ratio of 0.76.

Viking (NYSE:VIK) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Viking had a net margin of 18.00% and a return on equity of 149.40%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned ($0.24) earnings per share. Viking’s revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts forecast that Viking Holdings Ltd. will post 3.28 EPS for the current year.

Insiders Place Their Bets

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $80.23, for a total value of $3,720,184.87. Following the sale, the executive vice president owned 420,022 shares in the company, valued at approximately $33,698,365.06. This represents a 9.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.