OVERSEA CHINESE BANKING Corp Ltd Takes $597,000 Position in Viking Holdings Ltd (NYSE:VIK)

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Viking Holdings Ltd (NYSE:VIK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,544 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its stake in Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock worth $46,000 after purchasing an additional 285 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Viking by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 9,257 shares of the company’s stock valued at $408,000 after purchasing an additional 491 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Viking by 3.5% during the 4th quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock valued at $916,000 after purchasing an additional 700 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of Viking by 7.2% during the 4th quarter. Simon Quick Advisors LLC now owns 17,410 shares of the company’s stock valued at $767,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Viking by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 37,592 shares of the company’s stock valued at $1,656,000 after purchasing an additional 1,234 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

Shares of VIK stock opened at $39.83 on Friday. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $53.14. The stock’s 50-day moving average is $47.29 and its 200 day moving average is $42.88. The company has a market cap of $17.18 billion and a P/E ratio of 153.17.

Viking (NYSE:VIK) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Viking’s revenue was up 20.5% compared to the same quarter last year. On average, analysts anticipate that Viking Holdings Ltd will post 1.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VIK shares. Citigroup started coverage on Viking in a research note on Thursday, December 19th. They set a “buy” rating and a $54.00 price objective for the company. JPMorgan Chase & Co. upped their price target on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. UBS Group increased their target price on Viking from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial increased their target price on Viking from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, March 14th. Finally, Barclays set a $46.00 price target on Viking and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Viking presently has an average rating of “Moderate Buy” and a consensus target price of $46.33.

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.