Diversify Wealth Management LLC Acquires 1,960 Shares of Viking Holdings Ltd (NYSE:VIK)

Diversify Wealth Management LLC boosted its holdings in Viking Holdings Ltd (NYSE:VIK) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,416 shares of the company’s stock after acquiring an additional 1,960 shares during the quarter. Diversify Wealth Management LLC’s holdings in Viking were worth $2,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Merit Financial Group LLC raised its stake in Viking by 3.5% in the fourth quarter. Merit Financial Group LLC now owns 20,800 shares of the company’s stock valued at $916,000 after purchasing an additional 700 shares in the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Viking during the 4th quarter valued at $916,000. Harbour Capital Advisors LLC lifted its holdings in shares of Viking by 50.0% during the 4th quarter. Harbour Capital Advisors LLC now owns 12,960 shares of the company’s stock worth $555,000 after acquiring an additional 4,320 shares during the last quarter. JPMorgan Chase & Co. grew its position in Viking by 113.9% in the third quarter. JPMorgan Chase & Co. now owns 121,142 shares of the company’s stock worth $4,227,000 after acquiring an additional 64,502 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Viking by 25.7% in the third quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company’s stock valued at $154,931,000 after acquiring an additional 836,353 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Trading Up 5.5 %

NYSE VIK opened at $47.63 on Tuesday. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $48.39. The stock has a 50 day simple moving average of $45.11 and a two-hundred day simple moving average of $39.07.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup initiated coverage on Viking in a report on Thursday, December 19th. They issued a “buy” rating and a $54.00 price objective for the company. Barclays reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research note on Friday, December 13th. Bank of America lifted their price target on shares of Viking from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. Finally, Truist Financial boosted their price target on shares of Viking from $38.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.