Parallel Advisors LLC Has $2.45 Million Stock Position in Viking Holdings Ltd (NYSE:VIK)

Parallel Advisors LLC raised its position in Viking Holdings Ltd (NYSE:VIK) by 22.7% in the fourth quarter, HoldingsChannel reports. The fund owned 55,689 shares of the company’s stock after purchasing an additional 10,304 shares during the quarter. Parallel Advisors LLC’s holdings in Viking were worth $2,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC acquired a new stake in Viking in the 3rd quarter valued at $27,000. Golden State Wealth Management LLC bought a new position in shares of Viking in the fourth quarter valued at $73,000. New York State Common Retirement Fund acquired a new position in shares of Viking during the fourth quarter valued at about $119,000. Rhumbline Advisers bought a new stake in shares of Viking during the fourth quarter worth about $130,000. Finally, Vestcor Inc acquired a new stake in shares of Viking in the 4th quarter worth about $141,000. Institutional investors own 98.84% of the company’s stock.

Viking Stock Down 7.4 %

Shares of NYSE:VIK opened at $38.94 on Wednesday. The firm has a market capitalization of $16.80 billion and a PE ratio of 149.75. The company has a 50-day moving average price of $47.41 and a two-hundred day moving average price of $42.93. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $53.14.

Viking (NYSE:VIK) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.45 EPS 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 the consensus estimate of $1.34 billion. The firm’s revenue was up 20.5% on a year-over-year basis. Analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on VIK. Loop Capital started coverage on Viking in a report on Tuesday, February 4th. They set a “buy” rating and a $55.00 price objective for the company. UBS Group lifted their price objective on shares of Viking from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday. The Goldman Sachs Group started coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price for the company. Barclays set a $46.00 price target on shares of Viking and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and an average price target of $46.33.

Viking 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.