Capital Research Global Investors Has $62.09 Million Holdings in Via Transportation Inc. $VIA

Capital Research Global Investors lifted its position in shares of Via Transportation Inc. (NYSE:VIA) by 153.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,140,200 shares of the company’s stock after buying an additional 1,297,114 shares during the quarter. Capital Research Global Investors owned about 2.64% of Via Transportation worth $62,087,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VIA. Wellington Management Group LLP acquired a new stake in shares of Via Transportation during the third quarter worth $93,662,000. Koch Inc. acquired a new stake in shares of Via Transportation during the third quarter worth $81,747,000. Vanguard Group Inc. acquired a new stake in shares of Via Transportation during the third quarter worth $39,965,000. Capital World Investors acquired a new stake in shares of Via Transportation during the third quarter worth $26,444,000. Finally, Capital International Investors acquired a new stake in shares of Via Transportation during the third quarter worth $26,444,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and set a $25.00 price objective on shares of Via Transportation in a research report on Monday, June 1st. Raymond James Financial set a $19.00 price target on shares of Via Transportation in a report on Tuesday, May 12th. Morgan Stanley restated an “overweight” rating and issued a $24.00 price target on shares of Via Transportation in a report on Tuesday, May 12th. Guggenheim reduced their price target on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Via Transportation in a report on Monday, March 2nd. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.10.

Via Transportation Trading Down 1.9%

NYSE:VIA opened at $14.63 on Wednesday. The stock has a market capitalization of $1.19 billion and a price-to-earnings ratio of -15.73. The firm has a fifty day simple moving average of $15.58 and a two-hundred day simple moving average of $21.20. Via Transportation Inc. has a 12 month low of $12.95 and a 12 month high of $56.31.

About Via Transportation

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.