Franklin Resources Inc. Sells 1,212,956 Shares of Viking Holdings Ltd (NYSE:VIK)

Franklin Resources Inc. cut its holdings in shares of Viking Holdings Ltd (NYSE:VIK - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,877,812 shares of the company's stock after selling 1,212,956 shares during the period. Franklin Resources Inc. owned 0.67% of Viking worth $126,796,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VIK. Avior Wealth Management LLC boosted its holdings in Viking by 37.1% during the fourth quarter. Avior Wealth Management LLC now owns 1,053 shares of the company's stock worth $46,000 after buying an additional 285 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Viking in the 4th quarter worth approximately $73,000. New York State Common Retirement Fund purchased a new position in Viking in the 4th quarter valued at approximately $119,000. Rhumbline Advisers acquired a new position in Viking during the fourth quarter worth $130,000. Finally, Vestcor Inc purchased a new stake in Viking during the fourth quarter worth $141,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VIK shares. The Goldman Sachs Group started coverage on Viking in a research report on Wednesday, January 22nd. They set a "neutral" rating and a $49.00 price target for the company. Truist Financial boosted their price objective on shares of Viking from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, March 14th. BNP Paribas assumed coverage on shares of Viking in a research report on Thursday, March 27th. They set an "outperform" rating and a $47.00 target price on the stock. Loop Capital initiated coverage on Viking in a report on Tuesday, February 4th. They issued a "buy" rating and a $55.00 price target for the company. Finally, Jefferies Financial Group started coverage on Viking in a report on Monday. They set a "hold" rating and a $45.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.29.

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Viking Price Performance

Shares of VIK traded down $3.44 during mid-day trading on Friday, hitting $34.91. 6,083,004 shares of the company's stock were exchanged, compared to its average volume of 2,501,667. Viking Holdings Ltd has a 52 week low of $25.71 and a 52 week high of $53.14. The company has a 50-day simple moving average of $45.93 and a 200 day simple moving average of $43.46. The company has a market cap of $15.06 billion and a PE ratio of 134.25.

Viking (NYSE:VIK - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. On average, analysts anticipate that Viking Holdings Ltd will post 1.49 earnings per share for the current year.

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.