Viking (NYSE:VIK) Hits New 12-Month High – Here’s What Happened

Shares of Viking Holdings Ltd (NYSE:VIK) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $50.20 and last traded at $49.30, with a volume of 716582 shares traded. The stock had previously closed at $49.06.

Wall Street Analyst Weigh In

VIK has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Barclays reissued an “equal weight” rating and set a $49.00 price objective on shares of Viking in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on shares of Viking from $50.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Bank of America raised their target price on shares of Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Truist Financial raised their target price on shares of Viking from $38.00 to $49.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.43.

Viking Price Performance

The business’s 50 day simple moving average is $45.48 and its 200 day simple moving average is $39.67.

Institutional Trading of Viking

A number of hedge funds have recently modified their holdings of VIK. Avior Wealth Management LLC bought a new position in Viking during the third quarter worth about $27,000. Sunbelt Securities Inc. bought a new position in Viking during the second quarter worth about $68,000. Golden State Wealth Management LLC bought a new position in Viking during the fourth quarter worth about $73,000. SG Americas Securities LLC bought a new position in Viking during the third quarter worth about $181,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Viking during the third quarter worth about $187,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

About Viking

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.