Lindbrook Capital LLC Buys New Holdings in Viking Holdings Ltd (NYSE:VIK)

Lindbrook Capital LLC bought a new stake in Viking Holdings Ltd (NYSE:VIK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,056 shares of the company’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. acquired a new position in Viking in the third quarter valued at $1,269,000. Blue Chip Partners LLC acquired a new position in Viking in the fourth quarter valued at $279,000. Renaissance Capital LLC boosted its holdings in Viking by 8.5% in the fourth quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock valued at $5,355,000 after acquiring an additional 9,527 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after acquiring an additional 836,353 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Viking in the third quarter valued at $609,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Viking Stock Down 3.3 %

Shares of NYSE VIK opened at $43.57 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 simple moving average is $47.83 and its 200-day simple moving average is $42.47.

Analyst Upgrades and Downgrades

VIK has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Loop Capital began coverage on Viking in a research note on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective on the stock. Bank of America boosted their price objective on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.13.

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.