Viking Holdings Ltd (NYSE:VIK) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. decreased its holdings in Viking Holdings Ltd (NYSE:VIK) by 40.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,800 shares of the company’s stock after selling 13,700 shares during the quarter. U S Global Investors Inc.’s holdings in Viking were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VIK. Charles Schwab Investment Management Inc. purchased a new stake in shares of Viking during the 3rd quarter worth about $1,269,000. Blue Chip Partners LLC purchased a new stake in Viking during the fourth quarter worth approximately $279,000. International Assets Investment Management LLC acquired a new stake in shares of Viking in the third quarter worth $2,222,000. Renaissance Capital LLC raised its stake in shares of Viking by 8.5% in the 4th quarter. Renaissance Capital LLC now owns 121,547 shares of the company’s stock valued at $5,355,000 after acquiring an additional 9,527 shares during the period. Finally, Franklin Resources Inc. lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VIK. Morgan Stanley raised Viking from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $37.00 to $49.00 in a research report on Tuesday, November 12th. Citigroup initiated coverage on shares of Viking in a research report on Thursday, December 19th. They set a “buy” rating and a $54.00 target price on the stock. Bank of America boosted their price objective on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. The Goldman Sachs Group assumed coverage on Viking in a research note on Wednesday, January 22nd. They set a “neutral” rating and a $49.00 price objective on the stock. Finally, 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 research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Viking Stock Performance

NYSE VIK opened at $47.01 on Friday. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The stock’s 50 day moving average price is $47.71 and its two-hundred day moving average price is $42.03.

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.