Viking Holdings Ltd’s (NYSE:VIK) Lock-Up Period Will End on October 28th

Viking’s (NYSE:VIK) lock-up period will end on Monday, October 28th. Viking had issued 64,041,668 shares in its public offering on May 1st. The total size of the offering was $1,537,000,032 based on an initial share price of $24.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

Several research firms recently weighed in on VIK. Stifel Nicolaus boosted their target price on Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America boosted their target price on Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Wells Fargo & Company lifted their price target on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price target on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Barclays lifted their price target on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Viking Trading Down 0.1 %

Shares of NYSE:VIK opened at $38.75 on Monday. The company has a fifty day moving average of $35.34. Viking has a fifty-two week low of $25.71 and a fifty-two week high of $39.70.

Viking (NYSE:VIK) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. As a group, research analysts predict that Viking will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Viking

Large investors have recently made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new position in shares of Viking during the second quarter valued at $35,000. Sunbelt Securities Inc. acquired a new position in Viking in the second quarter valued at about $68,000. American National Bank acquired a new position in Viking in the second quarter valued at about $68,000. SG Americas Securities LLC acquired a new position in Viking in the third quarter valued at about $181,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in Viking in the third quarter valued at about $204,000.

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.