Franklin Resources Inc. Grows Position in Viking Holdings Ltd (NYSE:VIK)

Franklin Resources Inc. raised its holdings in shares of Viking Holdings Ltd (NYSE:VIK) by 25.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,090,768 shares of the company’s stock after purchasing an additional 836,353 shares during the quarter. Franklin Resources Inc.’s holdings in Viking were worth $154,931,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC purchased a new stake in shares of Viking during the third quarter worth $27,000. Valley Wealth Managers Inc. acquired a new position in shares of Viking during the 2nd quarter valued at about $35,000. American National Bank acquired a new position in shares of Viking during the 2nd quarter valued at about $68,000. Sunbelt Securities Inc. acquired a new position in shares of Viking during the 2nd quarter valued at about $68,000. Finally, SG Americas Securities LLC acquired a new position in shares of Viking during the 3rd quarter valued at about $181,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Viking Stock Performance

VIK stock opened at $45.49 on Monday. The company’s 50 day moving average price is $42.51 and its 200 day moving average price is $36.76. Viking Holdings Ltd has a fifty-two week low of $25.71 and a fifty-two week high of $47.62.

Analyst Ratings Changes

Several brokerages have recently weighed in on VIK. Morgan Stanley raised shares of Viking from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $49.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price 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. Barclays reaffirmed an “equal weight” rating and issued a $49.00 target price on shares of Viking in a research report on Friday. Truist Financial upped their target price 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, Bank of America upped their target price 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.