Viking Holdings Ltd’s (NYSE:VIK) Lock-Up Period Will End on October 28th

Viking’s (NYSE:VIK) lock-up period will expire on Monday, October 28th. Viking had issued 64,041,668 shares in its initial public offering on May 1st. The total size of the offering was $1,537,000,032 based on an initial share price of $24.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

VIK has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Stifel Nicolaus increased their price target on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Barclays increased their price target on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their price target on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. Finally, Bank of America increased their price objective on Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Viking Stock Down 0.1 %

Shares of NYSE VIK opened at $38.75 on Monday. The company’s 50 day moving average is $35.34. Viking has a 52 week low of $25.71 and a 52 week high of $39.70.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, equities research analysts anticipate that Viking will post 1.13 EPS for the current year.

Institutional Trading of Viking

Hedge funds have recently made changes to their positions in the business. Empirical Asset Management LLC increased its stake in Viking by 6.0% during the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock worth $341,000 after acquiring an additional 550 shares during the period. Fruth Investment Management increased its stake in Viking by 1.4% during the 3rd quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock worth $2,505,000 after acquiring an additional 1,000 shares during the period. Valley Wealth Managers Inc. bought a new position in Viking during the 2nd quarter worth $35,000. Sunbelt Securities Inc. bought a new position in Viking during the 2nd quarter worth $68,000. Finally, American National Bank bought a new position in Viking during the 2nd quarter worth $68,000.

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.