Wellington Management Group LLP Sells 1,364,907 Shares of Viking Holdings Ltd (NYSE:VIK)

Wellington Management Group LLP lowered its holdings in Viking Holdings Ltd (NYSE:VIK - Free Report) by 25.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,914,394 shares of the company's stock after selling 1,364,907 shares during the quarter. Wellington Management Group LLP owned 0.91% of Viking worth $136,573,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cascade Investment Group Inc. acquired a new position in Viking during the second quarter worth $289,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Viking during the 2nd quarter worth about $1,004,000. American National Bank bought a new position in Viking during the 2nd quarter valued at about $68,000. Bank of New York Mellon Corp acquired a new position in Viking in the second quarter valued at about $670,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Viking during the second quarter worth about $11,685,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Viking Stock Down 0.6 %

Shares of NYSE:VIK traded down $0.28 during trading on Tuesday, hitting $44.59. 1,690,899 shares of the company's stock were exchanged, compared to its average volume of 1,983,837. The firm has a 50-day moving average price of $41.71 and a two-hundred day moving average price of $36.32. Viking Holdings Ltd has a 1-year low of $25.71 and a 1-year high of $47.62.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Viking from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Wednesday, September 4th. Morgan Stanley upgraded Viking from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. Truist Financial increased their target price on Viking from $38.00 to $49.00 and gave the stock a "hold" rating in a report on Monday, December 2nd. Bank of America lifted their price target on Viking from $40.00 to $51.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus increased their price objective on shares of Viking from $39.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, Viking currently has an average rating of "Moderate Buy" and an average price target of $41.92.

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.