SG Americas Securities LLC Purchases 347,468 Shares of Viking Holdings Ltd (NYSE:VIK)

SG Americas Securities LLC grew its position in shares of Viking Holdings Ltd (NYSE:VIK) by 6,693.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 352,659 shares of the company’s stock after buying an additional 347,468 shares during the quarter. SG Americas Securities LLC’s holdings in Viking were worth $15,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of VIK. Renaissance Technologies LLC bought a new position in shares of Viking during the 2nd quarter worth approximately $4,752,000. Marshall Wace LLP bought a new position in shares of Viking during the 2nd quarter worth approximately $11,801,000. Squarepoint Ops LLC bought a new position in shares of Viking during the 2nd quarter worth approximately $5,125,000. Millennium Management LLC bought a new position in shares of Viking during the 2nd quarter worth approximately $42,008,000. Finally, Maplelane Capital LLC bought a new stake in shares of Viking in the 2nd quarter worth approximately $27,322,000. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup assumed coverage on shares of Viking in a report on Thursday, December 19th. They issued a “buy” rating and a $54.00 price target on the stock. 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 report on Wednesday, November 13th. The Goldman Sachs Group assumed coverage on shares of Viking in a report on Wednesday. They issued a “neutral” rating and a $49.00 price target on the stock. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $49.00 in a report on Tuesday, November 12th. Finally, Stifel Nicolaus lifted their price target on shares of Viking from $39.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Viking has a consensus rating of “Moderate Buy” and an average target price of $44.43.

Viking Stock Performance

VIK opened at $48.54 on Friday. The company has a fifty day moving average price of $45.26 and a 200-day moving average price of $39.29. Viking Holdings Ltd has a one year low of $25.71 and a one year high of $49.91.

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.