Viking (NYSE:VIK) Sets New 1-Year High – Still a Buy?

Viking Holdings Ltd (NYSE:VIK) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $52.00 and last traded at $51.00, with a volume of 33861 shares. The stock had previously closed at $51.45.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Stifel Nicolaus lifted their target price on shares of Viking from $39.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Bank of America boosted their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted 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. Finally, The Goldman Sachs Group initiated coverage on shares of Viking in a research report on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viking currently has an average rating of “Moderate Buy” and a consensus target price of $45.13.

Viking Trading Up 0.3 %

The stock has a fifty day moving average price of $46.00 and a two-hundred day moving average price of $40.19.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. D1 Capital Partners L.P. raised its stake in shares of Viking by 192.9% during 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 in 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 during the third quarter valued at approximately $48,334,000. Allspring Global Investments Holdings LLC boosted its position in Viking by 282.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,315,450 shares of the company’s stock worth $45,896,000 after purchasing an additional 971,152 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after acquiring an additional 836,353 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

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.