Stocks of Viking Holdings Ltd (NYSE:VIK) traded higher last session on Wall Street, up 0.96% to $45.34.
VIK stock price is now 16.10% away from the 50-day moving average and 30.48% away from the 200-day moving average. The market capitalization of the company currently stands at $19.76B.
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With the price target enhanced from $37 to $49, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Viking Holdings Ltd (NYSE: VIK). On July 02, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $39, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, CPP Investment Board PMI-3 Inc, Shareholder bought 5,177,085 shares of the company’s stock on Nov 21 ’24. The stock was bought for $226,808,093 at an average price of $43.81. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Stockholder TPG VII Valhalla Holdings, L.P bought 3,752,545 shares of the business’s stock. A total of $168,526,796 was incurred on buying the stock at an average price of $44.91. A total of 60.68% of the company’s stock is owned by insiders.
During the past 12 months, Viking Holdings Ltd has had a low of $25.71 and a high of $46.25. The fifty day moving average price for VIK is $39.0534 and a two-hundred day moving average price translates $34.749306 for the stock.
The latest earnings results from Viking Holdings Ltd (NYSE: VIK) was released for 2024-06-30. The company reported revenue of $1.68 billion for the quarter, compared to $1.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.41 percent.
