Sumitomo Mitsui Trust Group Inc. Raises Stock Holdings in Viking Holdings Ltd (NYSE:VIK)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 32.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,307 shares of the company’s stock after acquiring an additional 9,722 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Viking were worth $1,371,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VIK. GSA Capital Partners LLP acquired a new stake in Viking during the 3rd quarter worth $2,182,000. Entropy Technologies LP purchased a new position in shares of Viking in the 3rd quarter valued at approximately $830,000. Diversify Wealth Management LLC acquired a new position in shares of Viking in the third quarter valued at approximately $2,174,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Viking during the third quarter worth approximately $204,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Viking during the third quarter worth $2,222,000.

Viking Stock Down 0.7 %

NYSE VIK opened at $45.07 on Wednesday. The business has a 50 day moving average price of $38.29 and a 200 day moving average price of $34.62. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $46.25.

Viking (NYSE:VIK) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, analysts predict that Viking Holdings Ltd will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. Bank of America increased their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $49.00 in a report on Tuesday, November 12th. Barclays increased their target price on Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

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.