Diversify Wealth Management LLC Purchases 1,960 Shares of Viking Holdings Ltd (NYSE:VIK)

Diversify Wealth Management LLC grew its position in shares of Viking Holdings Ltd (NYSE:VIK) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 58,416 shares of the company’s stock after purchasing an additional 1,960 shares during the period. Diversify Wealth Management LLC’s holdings in Viking were worth $2,552,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Select Equity Group L.P. purchased a new position in Viking during the second quarter valued at $145,989,000. D1 Capital Partners L.P. grew its stake in shares of Viking by 192.9% in 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 last quarter. FMR LLC increased its holdings in shares of Viking by 27.8% during the third quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after acquiring an additional 1,518,773 shares in the last quarter. 140 Summer Partners LP purchased a new position in shares of Viking in the 3rd quarter worth about $48,334,000. Finally, Millennium Management LLC bought a new position in Viking in the 2nd quarter worth about $42,008,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VIK. Barclays restated an “equal weight” rating and set a $49.00 price objective on shares of Viking in a research note on Friday, December 13th. Bank of America raised their price target on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial upped their price objective on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Finally, Citigroup began coverage on Viking in a report on Thursday, December 19th. They set a “buy” rating and a $54.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.08.

Viking Trading Up 5.5 %

Shares of NYSE:VIK opened at $47.63 on Tuesday. The firm’s 50 day moving average price is $45.11 and its 200-day moving average price is $39.07. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $48.39.

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.