Renaissance Capital LLC Boosts Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

Renaissance Capital LLC lifted its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,547 shares of the company’s stock after acquiring an additional 9,527 shares during the quarter. Viking accounts for about 3.5% of Renaissance Capital LLC’s portfolio, making the stock its 11th largest position. Renaissance Capital LLC’s holdings in Viking were worth $5,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. FMR LLC increased its position in shares of Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock worth $243,513,000 after acquiring an additional 1,518,773 shares during the period. Franklin Resources Inc. increased its position in shares of Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after acquiring an additional 836,353 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Viking by 36.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock worth $102,993,000 after acquiring an additional 793,795 shares during the period. D1 Capital Partners L.P. increased its position in shares of Viking by 192.9% during the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company’s stock worth $90,231,000 after acquiring an additional 1,703,301 shares during the period. Finally, Forest Avenue Capital Management LP increased its holdings in Viking by 11.4% in the third quarter. Forest Avenue Capital Management LP now owns 1,903,208 shares of the company’s stock valued at $66,403,000 after buying an additional 194,082 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

VIK has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Viking from $39.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 18th. Truist Financial increased 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. Bank of America increased their target price on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. increased their target price on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Barclays reissued an “equal weight” rating and issued a $49.00 target price on shares of Viking in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $44.43.

Viking Stock Down 0.9 %

Shares of VIK stock opened at $50.19 on Tuesday. The stock’s 50-day moving average is $45.92 and its two-hundred day moving average is $40.09. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $51.99.

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.