Merit Financial Group LLC Acquires 700 Shares of Viking Holdings Ltd (NYSE:VIK)

Merit Financial Group LLC grew its holdings in Viking Holdings Ltd (NYSE:VIK) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,800 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Merit Financial Group LLC’s holdings in Viking were worth $916,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in Viking during the 2nd quarter worth about $4,752,000. Hood River Capital Management LLC acquired a new position in Viking during the 2nd quarter worth $246,000. Marshall Wace LLP acquired a new position in Viking during the 2nd quarter valued at about $11,801,000. Masters Capital Management LLC bought a new stake in Viking in the second quarter valued at about $10,182,000. Finally, Sandia Investment Management LP bought a new stake in Viking in the second quarter valued at approximately $679,000. Institutional investors own 98.84% of the company’s stock.

Viking Price Performance

Shares of NYSE:VIK opened at $48.45 on Wednesday. The business’s 50 day simple moving average is $45.16 and its 200 day simple moving average is $39.17. Viking Holdings Ltd has a 1 year low of $25.71 and a 1 year high of $49.91.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Truist Financial boosted their price target on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. upped their target price on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Morgan Stanley upgraded Viking from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Finally, Citigroup began coverage on shares of Viking in a research report on Thursday, December 19th. They issued a “buy” rating and a $54.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.08.

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.