Viking Holdings Ltd (NYSE:VIK) Stock Position Lessened by Walleye Capital LLC

Walleye Capital LLC reduced its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 74.3% during the third quarter, Holdings Channel.com reports. The firm owned 75,879 shares of the company’s stock after selling 219,578 shares during the period. Walleye Capital LLC’s holdings in Viking were worth $2,647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in VIK. Renaissance Capital LLC bought a new stake in shares of Viking during the 2nd quarter worth $2,250,000. U.S. Capital Wealth Advisors LLC purchased a new stake in Viking in the 2nd quarter worth approximately $2,226,000. Cascade Investment Group Inc. acquired a new stake in shares of Viking during the 2nd quarter valued at $289,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Viking during the 2nd quarter valued at $1,004,000. Finally, American National Bank purchased a new position in Viking in the second quarter valued at about $68,000.

Viking Trading Down 1.3 %

VIK stock opened at $45.62 on Wednesday. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $47.62. The business’s 50 day moving average is $40.59 and its 200-day moving average is $35.73.

Analyst Ratings Changes

A number of research firms recently commented on VIK. JPMorgan Chase & Co. increased their price objective on Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Barclays raised their target price on Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Truist Financial increased their price objective on Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research report on Monday. Wells Fargo & Company boosted their target price on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley raised shares of 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 report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Viking currently has a consensus rating of “Moderate Buy” and an average target price of $41.92.

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.