Allspring Global Investments Holdings LLC Sells 55,331 Shares of Viking Holdings Ltd (NYSE:VIK)

Allspring Global Investments Holdings LLC cut its stake in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,260,119 shares of the company's stock after selling 55,331 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.29% of Viking worth $55,212,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Viking by 27.8% during the 3rd quarter. FMR LLC now owns 6,979,454 shares of the company's stock worth $243,513,000 after purchasing an additional 1,518,773 shares in the last quarter. Franklin Resources Inc. raised its stake in Viking by 25.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,090,768 shares of the company's stock worth $154,931,000 after buying an additional 836,353 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Viking by 36.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,951,929 shares of the company's stock worth $102,993,000 after acquiring an additional 793,795 shares in the last quarter. D1 Capital Partners L.P. grew its stake in Viking by 192.9% in the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company's stock valued at $90,231,000 after acquiring an additional 1,703,301 shares during the period. Finally, Forest Avenue Capital Management LP increased its holdings in shares of Viking by 11.4% during the third quarter. Forest Avenue Capital Management LP now owns 1,903,208 shares of the company's stock valued at $66,403,000 after acquiring an additional 194,082 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on VIK shares. Bank of America increased their target price on Viking from $40.00 to $51.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Morgan Stanley raised shares of Viking from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $37.00 to $49.00 in a research note on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on shares of Viking in a research report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 target price for the company. Loop Capital initiated coverage on shares of Viking in a research report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target on the stock. Finally, Citigroup started coverage on Viking in a report on Thursday, December 19th. They set a "buy" rating and a $54.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $45.13.

Viking Trading Down 1.9 %

Shares of NYSE VIK traded down $1.02 during mid-day trading on Monday, reaching $51.34. 3,233,181 shares of the company's stock were exchanged, compared to its average volume of 3,069,736. The firm has a 50-day moving average price of $47.04 and a two-hundred day moving average price of $41.24. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14.

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.