Viking Holdings Ltd (NYSE:VIK) Shares Sold by Empirical Asset Management LLC

Empirical Asset Management LLC cut its stake in shares of Viking Holdings Ltd (NYSE:VIK) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,080 shares of the company’s stock after selling 700 shares during the period. Empirical Asset Management LLC’s holdings in Viking were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VIK. Bank of New York Mellon Corp purchased a new position in shares of Viking during the 2nd quarter worth approximately $670,000. Renaissance Technologies LLC purchased a new position in shares of Viking during the second quarter worth $4,752,000. Forest Avenue Capital Management LP acquired a new stake in shares of Viking in the second quarter valued at $58,008,000. D1 Capital Partners L.P. purchased a new stake in shares of Viking in the 2nd quarter valued at $29,964,000. Finally, Hood River Capital Management LLC acquired a new position in Viking during the 2nd quarter worth about $246,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Viking Trading Up 5.5 %

Shares of Viking stock opened at $47.63 on Friday. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $48.39. The firm’s 50 day moving average is $45.04 and its two-hundred day moving average is $38.94.

Analyst Ratings Changes

VIK has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. Truist Financial increased their target price on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. boosted their price target on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday. Bank of America increased their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus boosted their target price on Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.08.

Viking 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.