Franklin Resources Inc. Purchases 836,353 Shares of Viking Holdings Ltd (NYSE:VIK)

Franklin Resources Inc. increased its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 25.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,090,768 shares of the company's stock after buying an additional 836,353 shares during the quarter. Franklin Resources Inc. owned 0.95% of Viking worth $154,931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in shares of Viking in the 2nd quarter valued at about $2,063,879,000. FMR LLC grew its holdings in Viking by 27.8% during the third 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 during the period. Select Equity Group L.P. acquired a new stake in Viking during the second quarter worth approximately $145,989,000. Massachusetts Financial Services Co. MA lifted its position in Viking by 36.8% during 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 during the last quarter. Finally, D1 Capital Partners L.P. lifted its position in Viking by 192.9% during the third quarter. D1 Capital Partners L.P. now owns 2,586,161 shares of the company's stock worth $90,231,000 after acquiring an additional 1,703,301 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Stock Performance

Shares of Viking stock traded up $0.62 during trading on Monday, hitting $46.11. The company's stock had a trading volume of 1,370,142 shares, compared to its average volume of 1,971,429. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $47.62. The stock has a 50-day moving average price of $42.70 and a two-hundred day moving average price of $36.87.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Viking from $37.00 to $42.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Stifel Nicolaus lifted their price target on shares of Viking from $39.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, November 18th. Bank of America lifted their price target 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. Truist Financial boosted their price objective 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. Finally, Barclays restated an "equal weight" rating and set a $49.00 price objective on shares of Viking in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.92.

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.