Fmr LLC Buys 1,518,773 Shares of Viking Holdings Ltd (NYSE:VIK)

Fmr LLC increased its position in Viking Holdings Ltd (NYSE:VIK) by 27.8% during the third quarter, HoldingsChannel.com reports. The firm owned 6,979,454 shares of the company’s stock after acquiring an additional 1,518,773 shares during the quarter. Fmr LLC’s holdings in Viking were worth $243,513,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new position in shares of Viking in the second quarter worth approximately $2,063,879,000. Select Equity Group L.P. bought a new position in Viking in the 2nd quarter valued at approximately $145,989,000. Massachusetts Financial Services Co. MA purchased a new stake in Viking during the 2nd quarter valued at $73,247,000. Forest Avenue Capital Management LP bought a new stake in shares of Viking in the 2nd quarter worth $58,008,000. Finally, Millennium Management LLC purchased a new position in shares of Viking in the second quarter worth $42,008,000.

Wall Street Analyst Weigh In

VIK has been the topic of several recent analyst reports. Bank of America increased their price objective on Viking from $40.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley upgraded shares of Viking from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $49.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective 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 lifted their target price on shares of Viking from $43.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price target on Viking from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Viking Stock Performance

Shares of NYSE:VIK opened at $46.45 on Monday. The stock has a 50 day moving average of $40.35 and a 200 day moving average of $35.55. Viking Holdings Ltd has a 12-month low of $25.71 and a 12-month high of $47.62.

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.