Via Transportation Inc. $VIA Shares Sold by Capital World Investors

Capital World Investors decreased its holdings in Via Transportation Inc. (NYSE:VIA) by 49.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 277,640 shares of the company’s stock after selling 272,360 shares during the quarter. Capital World Investors owned 0.34% of Via Transportation worth $8,054,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Capital Research Global Investors raised its holdings in Via Transportation by 153.9% in the 4th quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock worth $62,087,000 after purchasing an additional 1,297,114 shares during the period. Norges Bank acquired a new position in Via Transportation in the 4th quarter worth about $12,329,000. Zweig DiMenna Associates LLC acquired a new position in shares of Via Transportation during the fourth quarter valued at approximately $3,777,000. Geode Capital Management LLC acquired a new position in shares of Via Transportation during the fourth quarter valued at approximately $6,956,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Via Transportation by 75.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,194 shares of the company’s stock valued at $64,000 after acquiring an additional 944 shares during the last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Stock Performance

NYSE:VIA opened at $14.63 on Wednesday. Via Transportation Inc. has a one year low of $12.95 and a one year high of $56.31. The stock has a market cap of $1.19 billion and a PE ratio of -15.73. The stock has a 50 day moving average price of $15.58 and a 200 day moving average price of $21.20.

Wall Street Analyst Weigh In

A number of brokerages have commented on VIA. Guggenheim reduced their target price on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Oppenheimer reissued an “outperform” rating and set a $25.00 target price on shares of Via Transportation in a report on Monday, June 1st. The Goldman Sachs Group reissued a “buy” rating and set a $24.00 target price on shares of Via Transportation in a report on Wednesday, May 13th. Weiss Ratings raised Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Finally, Raymond James Financial set a $19.00 target price on Via Transportation in a report on Tuesday, May 12th. Twelve 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.10.

Via Transportation 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.