D1 Capital Partners L.P. Takes $29.96 Million Position in Viking Holdings Ltd (NYSE:VIK)

D1 Capital Partners L.P. purchased a new position in shares of Viking Holdings Ltd (NYSE:VIK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 882,860 shares of the company’s stock, valued at approximately $29,964,000.

Several other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in Viking during the second quarter valued at approximately $2,063,879,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Viking during the 2nd quarter worth $73,247,000. Forest Avenue Capital Management LP acquired a new position in shares of Viking during the 2nd quarter worth $58,008,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Viking during the 2nd quarter worth $11,685,000. Finally, Renaissance Technologies LLC acquired a new stake in Viking in the second quarter valued at about $4,752,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VIK shares. Bank of America lifted their price target on shares of Viking from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. UBS Group initiated coverage on Viking in a research report on Tuesday, May 28th. They set a “buy” rating and a $35.00 price objective on the stock. Morgan Stanley upped their target price on Viking from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 20th. Barclays began coverage on Viking in a report on Tuesday, July 2nd. They set an “overweight” rating and a $39.00 price target on the stock. Finally, Truist Financial started coverage on shares of Viking in a report on Friday, June 21st. They issued a “hold” rating and a $38.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.17.

Viking Price Performance

Viking stock opened at $34.43 on Monday. The stock’s 50 day moving average price is $34.19. Viking Holdings Ltd has a 52-week low of $25.71 and a 52-week high of $37.25.

Viking (NYSE:VIK) last announced its earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. Analysts forecast that Viking Holdings Ltd will post 1.14 earnings per share for the current year.

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.