Massachusetts Financial Services Co. MA Boosts Stock Position in Viking Holdings Ltd (NYSE:VIK)

Massachusetts Financial Services Co. MA raised its position in Viking Holdings Ltd (NYSE:VIK) by 36.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,951,929 shares of the company’s stock after purchasing an additional 793,795 shares during the period. Massachusetts Financial Services Co. MA owned about 0.68% of Viking worth $102,993,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VIK. Canada Pension Plan Investment Board acquired a new stake in Viking during the second quarter worth approximately $2,063,879,000. Select Equity Group L.P. purchased a new stake in shares of Viking in the second quarter valued at $145,989,000. Forest Avenue Capital Management LP acquired a new position in Viking in the second quarter valued at $58,008,000. Allspring Global Investments Holdings LLC lifted its position in Viking by 282.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company’s stock worth $45,896,000 after buying an additional 971,152 shares during the period. Finally, Millennium Management LLC purchased a new stake in Viking in the 2nd quarter valued at about $42,008,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VIK shares. Barclays raised their target price on shares of Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Viking Stock Up 1.0 %

VIK opened at $45.34 on Friday. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $46.41. The company has a fifty day simple moving average of $39.05 and a 200 day simple moving average of $34.87.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Equities research analysts forecast that Viking Holdings Ltd will post 1.31 earnings per share for the current fiscal year.

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.