Canada Pension Plan Investment Board Takes $2.06 Billion Position in Viking Holdings Ltd (NYSE:VIK)

Canada Pension Plan Investment Board acquired a new position in shares of Viking Holdings Ltd (NYSE:VIK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 60,809,642 shares of the company’s stock, valued at approximately $2,063,879,000. Viking comprises 2.0% of Canada Pension Plan Investment Board’s investment portfolio, making the stock its 6th biggest position. Canada Pension Plan Investment Board owned 0.14% of Viking at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Viking during the second quarter worth $2,226,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Viking in the 2nd quarter valued at about $11,685,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Viking during the 2nd quarter valued at about $1,004,000. Lisanti Capital Growth LLC acquired a new stake in Viking during the second quarter worth about $1,597,000. Finally, Ovata Capital Management Ltd acquired a new stake in Viking during the second quarter worth about $2,546,000.

Analyst Ratings Changes

Several research firms have recently commented on VIK. Stifel Nicolaus upped their target price on Viking from $37.00 to $39.00 and gave the company a “buy” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. raised their target price on Viking from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. HSBC initiated coverage on shares of Viking in a research report on Tuesday, June 25th. They set a “buy” rating and a $36.00 price target for the company. Morgan Stanley lifted their price objective on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 20th. Finally, Bank of America upped their target price on shares of Viking from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.17.

Viking Stock Up 1.0 %

Viking stock opened at $33.91 on Friday. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $37.25. The company has a 50 day moving average of $34.20.

Viking (NYSE:VIK) last issued its quarterly earnings results on Thursday, August 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating 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. As a group, sell-side analysts anticipate that Viking Holdings Ltd will post 1.14 EPS for the current fiscal year.

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.