Maplelane Capital LLC Purchases Shares of 805,000 Viking Holdings Ltd (NYSE:VIK)

Maplelane Capital LLC acquired a new position in Viking Holdings Ltd (NYSE:VIK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 805,000 shares of the company’s stock, valued at approximately $27,322,000. Viking comprises 0.9% of Maplelane Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Maplelane Capital LLC owned 0.19% of Viking as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Valley Wealth Managers Inc. purchased a new position in Viking during the second quarter worth about $35,000. American National Bank bought a new position in shares of Viking during the 2nd quarter worth approximately $68,000. O Neil Global Advisors Inc. purchased a new position in shares of Viking in the 2nd quarter worth approximately $202,000. Hood River Capital Management LLC bought a new position in shares of Viking in the second quarter valued at approximately $246,000. Finally, Parallel Advisors LLC purchased a new stake in shares of Viking during the second quarter valued at approximately $270,000.

Viking Stock Up 1.4 %

VIK opened at $34.77 on Friday. The business has a 50 day simple moving average of $34.08. Viking Holdings Ltd has a 12 month low of $25.71 and a 12 month high of $37.25.

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 the consensus estimate of $0.69 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, equities analysts expect that Viking Holdings Ltd will post 1.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on VIK. Stifel Nicolaus upped their price objective on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Truist Financial began coverage on shares of Viking in a research report on Friday, June 21st. They set a “hold” rating and a $38.00 price target for the company. JPMorgan Chase & Co. lifted their price objective 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. Morgan Stanley boosted their target price on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 20th. Finally, Barclays initiated coverage on shares of Viking in a research note on Tuesday, July 2nd. They set an “overweight” rating and a $39.00 price target for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Viking has an average rating of “Moderate Buy” and a consensus target price of $37.17.

Viking 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.