Evercore Wealth Management LLC Invests $53.83 Million in Viking Holdings Ltd (NYSE:VIK)

Evercore Wealth Management LLC acquired a new stake in Viking Holdings Ltd (NYSE:VIK) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,221,832 shares of the company’s stock, valued at approximately $53,834,000.

Other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in shares of Viking by 37.1% in the 4th quarter. Avior Wealth Management LLC now owns 1,053 shares of the company’s stock valued at $46,000 after buying an additional 285 shares during the period. Golden State Wealth Management LLC purchased a new position in Viking in the 4th quarter valued at approximately $73,000. New York State Common Retirement Fund acquired a new position in shares of Viking in the fourth quarter worth $119,000. Rhumbline Advisers acquired a new position in shares of Viking in the fourth quarter worth $130,000. Finally, Vestcor Inc purchased a new stake in shares of Viking during the fourth quarter worth $141,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Viking Stock Up 1.4 %

VIK opened at $38.03 on Wednesday. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The business’s 50 day moving average is $42.47 and its two-hundred day moving average is $43.86. The firm has a market cap of $16.41 billion and a price-to-earnings ratio of 146.26.

Viking (NYSE:VIK) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts expect that Viking Holdings Ltd will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VIK shares. Redburn Atlantic raised Viking to a “hold” rating in a research note on Tuesday, April 1st. Morgan Stanley lowered their price objective on Viking from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group initiated coverage on shares of Viking in a report on Wednesday, January 22nd. They issued a “neutral” rating and a $49.00 target price on the stock. Barclays lowered their price target on shares of Viking from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Viking from $50.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.12.

Viking Company Profile

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.