The Goldman Sachs Group Initiates Coverage on Viking (NYSE:VIK)

The Goldman Sachs Group began coverage on shares of Viking (NYSE:VIK) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $49.00 price target on the stock.

A number of other brokerages also recently weighed in on VIK. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Truist Financial upped their price objective on Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Citigroup initiated coverage on Viking in a research note on Thursday, December 19th. They issued a “buy” rating and a $54.00 target price for the company. JPMorgan Chase & Co. raised their price target on Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, Bank of America boosted their price objective on Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.43.

Viking Stock Down 1.5 %

Viking stock opened at $47.75 on Wednesday. The stock has a 50-day simple moving average of $45.20 and a 200 day simple moving average of $39.23. Viking has a 12-month low of $25.71 and a 12-month high of $49.91.

Institutional Investors Weigh In On Viking

Hedge funds have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Viking by 27.8% in the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company’s stock valued at $243,513,000 after buying an additional 1,518,773 shares during the period. Select Equity Group L.P. bought a new stake in shares of Viking in the second quarter worth about $145,989,000. Franklin Resources Inc. raised its position in shares of Viking by 25.7% during the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock worth $154,931,000 after purchasing an additional 836,353 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Viking by 36.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company’s stock valued at $102,993,000 after purchasing an additional 793,795 shares in the last quarter. Finally, D1 Capital Partners L.P. increased its position 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. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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.