NFJ Investment Group LLC Invests $4.05 Million in Viking Holdings Ltd. $VIK

NFJ Investment Group LLC acquired a new position in shares of Viking Holdings Ltd. (NYSE:VIK) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 56,678 shares of the company’s stock, valued at approximately $4,047,000.

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

Viking Price Performance

Shares of NYSE:VIK opened at $92.04 on Monday. The company’s fifty day moving average price is $83.71 and its 200 day moving average price is $76.17. Viking Holdings Ltd. has a 12 month low of $46.06 and a 12 month high of $94.99. 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 has a market capitalization of $41.02 billion, a P/E ratio of 34.22, a P/E/G ratio of 1.33 and a beta of 1.59.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VIK shares. UBS Group reaffirmed a “buy” rating and set a $100.00 price objective on shares of Viking in a research report on Wednesday, May 27th. The Goldman Sachs Group lifted their price objective on shares of Viking from $84.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings cut shares of Viking from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Sanford C. Bernstein started coverage on shares of Viking in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $120.00 price objective for the company. Finally, Barclays lifted their price target on shares of Viking from $76.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Friday, May 15th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Viking has a consensus rating of “Moderate Buy” and an average target price of $96.38.

Insider Buying and Selling

In other Viking news, EVP Jeffrey Dash sold 46,369 shares of Viking stock in a transaction on 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 transaction, the executive vice president directly owned 420,022 shares in the company, valued at approximately $33,698,365.06. The trade was a 9.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.