Charles Schwab Investment Management Inc. Takes Position in Viking Holdings Ltd (NYSE:VIK)

Charles Schwab Investment Management Inc. acquired a new stake in Viking Holdings Ltd (NYSE:VIK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,358 shares of the company’s stock, valued at approximately $1,269,000.

Other large investors have also bought and sold shares of the company. Empirical Asset Management LLC lifted its holdings in Viking by 6.0% in the 3rd quarter. Empirical Asset Management LLC now owns 9,780 shares of the company’s stock valued at $341,000 after acquiring an additional 550 shares during the last quarter. Avior Wealth Management LLC bought a new stake in Viking during the third quarter worth approximately $27,000. Fruth Investment Management grew its position in Viking by 1.4% in the third quarter. Fruth Investment Management now owns 71,800 shares of the company’s stock worth $2,505,000 after buying an additional 1,000 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Viking in the second quarter valued at $35,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Viking during the 2nd quarter worth $68,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. 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 raised their target price on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Wells Fargo & Company lifted their target price on shares of Viking from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price target on shares of Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Viking currently has an average rating of “Moderate Buy” and an average target price of $41.92.

Viking Stock Performance

Shares of NYSE VIK opened at $45.85 on Wednesday. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $47.62. The business’s 50-day moving average price is $42.70 and its two-hundred day moving average price is $36.87.

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.