Viking Holdings Ltd (NYSE:VIK) Shares Sold by Holocene Advisors LP

Holocene Advisors LP decreased its position in Viking Holdings Ltd (NYSE:VIK) by 29.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,233,721 shares of the company’s stock after selling 1,368,235 shares during the period. Holocene Advisors LP’s holdings in Viking were worth $112,825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VIK. Avior Wealth Management LLC acquired a new position in Viking in the third quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new position in shares of Viking in the 2nd quarter worth $35,000. Sunbelt Securities Inc. acquired a new position in Viking in the second quarter valued at $68,000. American National Bank purchased a new position in shares of Viking in the 2nd quarter worth about $68,000. Finally, SG Americas Securities LLC acquired a new position in shares of Viking in the 3rd quarter valued at about $181,000.

Viking Price Performance

NYSE:VIK opened at $46.45 on Monday. The stock has a 50 day moving average of $40.35 and a 200-day moving average of $35.60. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $47.62.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on shares of Viking from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Bank of America raised their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Wells Fargo & Company upped their target price on Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. Finally, Barclays raised their target price on Viking from $43.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.00.

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.