Viking Holdings Ltd’s Lock-Up Period To End on October 28th (NYSE:VIK)

Viking’s (NYSE:VIK) lock-up period will expire on Monday, October 28th. Viking had issued 64,041,668 shares in its public offering on May 1st. The total size of the offering was $1,537,000,032 based on an initial share price of $24.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VIK shares. Morgan Stanley raised their target price on shares of Viking from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 20th. Stifel Nicolaus lifted their target price on shares of Viking from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Barclays lifted their target price on shares of Viking from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday. 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. Finally, Wells Fargo & Company lifted their price target on shares of Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Viking presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Viking Stock Up 0.7 %

VIK opened at $38.79 on Friday. The stock has a 50-day moving average of $35.26. Viking has a 1 year low of $25.71 and a 1 year high of $39.70.

Viking (NYSE:VIK) last issued 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 business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Sell-side analysts forecast that Viking will post 1.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viking

Hedge funds and other institutional investors have recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC bought a new position in shares of Viking during the 2nd quarter valued at approximately $2,226,000. U S Global Investors Inc. bought a new position in Viking in the 3rd quarter worth approximately $1,169,000. Forest Avenue Capital Management LP bought a new position in Viking in the 2nd quarter worth approximately $58,008,000. Canada Pension Plan Investment Board bought a new position in Viking in the 2nd quarter worth approximately $2,063,879,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Viking in the 2nd quarter worth approximately $11,685,000.

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.