Capital World Investors Buys Shares of 550,000 Via Transportation Inc. $VIA

Capital World Investors bought a new position in shares of Via Transportation Inc. (NYSE:VIA) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 550,000 shares of the company’s stock, valued at approximately $26,444,000.

Several other institutional investors also recently modified their holdings of VIA. Stephens Investment Management Group LLC bought a new stake in shares of Via Transportation in the 3rd quarter valued at about $4,787,000. Federated Hermes Inc. bought a new position in Via Transportation during the 3rd quarter worth approximately $9,616,000. Principal Financial Group Inc. acquired a new position in Via Transportation during the third quarter valued at approximately $14,394,000. Compagnie Lombard Odier SCmA bought a new stake in Via Transportation in the third quarter valued at approximately $240,000. Finally, Assetmark Inc. bought a new stake in Via Transportation in the third quarter valued at approximately $36,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Via Transportation Stock Down 3.9%

VIA stock opened at $17.98 on Friday. The firm has a market capitalization of $1.46 billion and a PE ratio of -26.06. Via Transportation Inc. has a fifty-two week low of $15.48 and a fifty-two week high of $56.31. The stock’s 50-day moving average price is $21.41.

Via Transportation (NYSE:VIA) last announced its earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of Via Transportation in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Guggenheim reduced their target price on Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 target price on shares of Via Transportation in a research note on Monday, March 2nd. Finally, Oppenheimer lowered their price target on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Company Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.