Viking (NYSE:VIK) Shares Gap Down – Here’s What Happened

Shares of Viking Holdings Ltd (NYSE:VIK) gapped down prior to trading on Tuesday . The stock had previously closed at $42.74, but opened at $40.95. Viking shares last traded at $40.29, with a volume of 862,049 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VIK. Truist Financial increased their target price on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Stifel Nicolaus raised their price objective on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Barclays reiterated an “equal weight” rating and set a $49.00 target price on shares of Viking in a report on Friday, December 13th. Citigroup assumed coverage on Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Viking Trading Down 6.0 %

The stock has a fifty day moving average price of $47.81 and a two-hundred day moving average price of $42.62.

Viking (NYSE:VIK) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Viking’s revenue for the quarter was up 20.5% compared to the same quarter last year. Research analysts forecast that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Several large investors have recently bought and sold shares of VIK. Orion Capital Management LLC acquired a new position in Viking during the 4th quarter worth about $110,000. PharVision Advisers LLC bought a new position in Viking during the 4th quarter worth approximately $281,000. Voloridge Investment Management LLC acquired a new position in shares of Viking in the 4th quarter worth approximately $59,226,000. Squarepoint Ops LLC boosted its stake in shares of Viking by 8.5% in the 4th quarter. Squarepoint Ops LLC now owns 163,856 shares of the company’s stock valued at $7,219,000 after purchasing an additional 12,856 shares during the last quarter. Finally, Twinbeech Capital LP acquired a new stake in shares of Viking during the fourth quarter worth $363,000. 98.84% of the stock is currently owned by institutional investors.

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.