Viking Holdings Ltd (NYSE:VIK) Position Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its position in Viking Holdings Ltd (NYSE:VIK) by 36.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,951,929 shares of the company’s stock after buying an additional 793,795 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Viking were worth $102,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of VIK. Canada Pension Plan Investment Board acquired a new stake in shares of Viking during the 2nd quarter valued at approximately $2,063,879,000. Select Equity Group L.P. bought a new position in shares of Viking in the 2nd quarter worth about $145,989,000. Forest Avenue Capital Management LP acquired a new position in shares of Viking in the 2nd quarter valued at about $58,008,000. Millennium Management LLC acquired a new stake in Viking during the second quarter worth about $42,008,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Viking in the second quarter worth about $33,940,000.

Viking Stock Up 1.0 %

Shares of NYSE:VIK opened at $45.34 on Friday. Viking Holdings Ltd has a twelve month low of $25.71 and a twelve month high of $46.41. The company has a 50 day moving average of $39.05 and a 200-day moving average of $34.87.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, analysts expect that Viking Holdings Ltd will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

VIK has been the subject of several recent research reports. Bank of America upped their target price on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their price objective on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Wells Fargo & Company raised their target price on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. Barclays upped their price target on shares of Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.00.

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.