Spire Wealth Management Invests $789,000 in Viking Holdings Ltd. $VIK

Spire Wealth Management acquired a new position in Viking Holdings Ltd. (NYSE:VIK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,805 shares of the company’s stock, valued at approximately $789,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Management Associates Inc. purchased a new stake in shares of Viking in the 2nd quarter worth $250,000. Envestnet Asset Management Inc. increased its stake in shares of Viking by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,179 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,766 shares in the last quarter. Atlatl Advisers LLC purchased a new stake in shares of Viking in the 2nd quarter worth $285,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Viking by 14.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 44,847 shares of the company’s stock worth $2,390,000 after buying an additional 5,647 shares during the period. Finally, R Squared Ltd bought a new position in Viking in the 2nd quarter worth $385,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Viking Stock Up 0.8%

VIK opened at $60.85 on Friday. The firm has a 50-day simple moving average of $61.39 and a two-hundred day simple moving average of $54.29. Viking Holdings Ltd. has a 52 week low of $31.79 and a 52 week high of $65.37. The company has a market capitalization of $26.97 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 0.71 and a beta of 2.24. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 19.33.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, August 19th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.01). Viking had a net margin of 13.99% and a negative return on equity of 374.71%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $0.89 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts forecast that Viking Holdings Ltd. will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on VIK shares. Citigroup upped their target price on shares of Viking from $57.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Mizuho started coverage on shares of Viking in a report on Friday, October 10th. They issued an “underperform” rating and a $54.00 target price for the company. Bank of America upped their target price on shares of Viking from $51.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. UBS Group upped their target price on shares of Viking from $55.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Finally, Barclays upped their target price on shares of Viking from $61.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, October 3rd. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.93.

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.