Viking (NYSE:VIK) Sets New 52-Week High – Here’s What Happened

Viking Holdings Ltd (NYSE:VIK) shares hit a new 52-week high on Monday . The stock traded as high as $39.99 and last traded at $39.99, with a volume of 3082 shares changing hands. The stock had previously closed at $39.64.

Wall Street Analyst Weigh In

VIK has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Barclays lifted their price objective on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Morgan Stanley raised their price target on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their price objective 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. Finally, JPMorgan Chase & Co. raised 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. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Viking Stock Performance

The stock has a fifty day moving average price of $35.93.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. Analysts forecast that Viking Holdings Ltd will post 1.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Viking

Institutional investors and hedge funds have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in Viking by 32.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 39,307 shares of the company’s stock worth $1,371,000 after purchasing an additional 9,722 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Viking during the third quarter valued at approximately $2,182,000. Entropy Technologies LP purchased a new position in Viking in the 3rd quarter worth approximately $830,000. Diversify Wealth Management LLC purchased a new position in Viking in the 3rd quarter worth approximately $2,174,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in Viking during the 3rd quarter valued at $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.