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

Capital World Investors decreased its holdings in shares of Via Transportation Inc. (NYSE:VIA) by 49.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 277,640 shares of the company’s stock after selling 272,360 shares during the quarter. Capital World Investors’ holdings in Via Transportation were worth $8,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in Via Transportation during the third quarter worth $29,000. Assetmark Inc. acquired a new stake in Via Transportation during the third quarter worth $36,000. PNC Financial Services Group Inc. acquired a new stake in Via Transportation during the third quarter worth $60,000. Strs Ohio acquired a new stake in Via Transportation during the fourth quarter worth $52,000. Finally, WINTON GROUP Ltd acquired a new stake in Via Transportation during the third quarter worth $219,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Trading Down 1.9%

Shares of NYSE VIA opened at $14.63 on Wednesday. Via Transportation Inc. has a twelve month low of $12.95 and a twelve month high of $56.31. The stock has a fifty day simple moving average of $15.58 and a 200-day simple moving average of $21.20. The stock has a market capitalization of $1.19 billion and a PE ratio of -15.73.

Analysts Set New Price Targets

Several research firms have issued reports on VIA. Guggenheim cut their target price on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft set a $25.00 target price on Via Transportation in a research note on Wednesday, May 13th. Raymond James Financial set a $19.00 price objective on Via Transportation in a research note on Tuesday, May 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Via Transportation in a research note on Monday, March 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Via Transportation in a research note on Wednesday, May 13th. Twelve research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.10.

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.