JPMorgan Chase & Co. Boosts Stake in Viking Holdings Ltd. $VIK

JPMorgan Chase & Co. increased its holdings in shares of Viking Holdings Ltd. (NYSE:VIK) by 74.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,467,311 shares of the company’s stock after acquiring an additional 626,973 shares during the quarter. JPMorgan Chase & Co.’s holdings in Viking were worth $78,193,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VIK. Magnetar Financial LLC purchased a new position in Viking in the 2nd quarter worth approximately $344,000. Cumberland Partners Ltd acquired a new stake in shares of Viking in the second quarter valued at approximately $1,998,000. Artisan Partners Limited Partnership lifted its position in Viking by 2.1% during the second quarter. Artisan Partners Limited Partnership now owns 2,198,739 shares of the company’s stock worth $117,171,000 after buying an additional 44,540 shares in the last quarter. Primecap Management Co. CA lifted its position in Viking by 22.3% during the second quarter. Primecap Management Co. CA now owns 934,073 shares of the company’s stock worth $49,777,000 after buying an additional 170,273 shares in the last quarter. Finally, Westover Capital Advisors LLC acquired a new position in Viking during the second quarter worth $240,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Up 0.4%

Shares of VIK opened at $66.78 on Friday. The firm has a market cap of $29.59 billion, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 0.77 and a beta of 2.20. Viking Holdings Ltd. has a 12-month low of $31.79 and a 12-month high of $68.60. The company’s 50-day moving average price is $60.73 and its 200 day moving average price is $56.97. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 5.68.

Viking (NYSE:VIK) last announced its earnings results on Wednesday, November 19th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Viking had a net margin of 15.53% and a return on equity of 716.92%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.89 earnings per share. Viking’s revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on VIK shares. The Goldman Sachs Group raised their target price on Viking from $64.00 to $66.00 and gave the stock a “neutral” rating in a research note on Thursday, November 20th. Truist Financial upped their price objective on shares of Viking from $55.00 to $59.00 and gave the company a “hold” rating in a report on Friday, September 19th. Morgan Stanley raised their price objective on shares of Viking from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 20th. Barclays boosted their target price on shares of Viking from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, November 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Viking in a research note on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.38.

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.