Principal Financial Group Inc. Has $16.30 Million Holdings in Via Transportation Inc. $VIA

Principal Financial Group Inc. lifted its stake in shares of Via Transportation Inc. (NYSE:VIA) by 39.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,086,438 shares of the company’s stock after acquiring an additional 308,283 shares during the quarter. Principal Financial Group Inc.’s holdings in Via Transportation were worth $16,297,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors lifted 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 last quarter. Wellington Management Group LLP acquired a new position in Via Transportation during the third quarter valued at approximately $93,662,000. Vanguard Group Inc. bought a new position in shares of Via Transportation in the third quarter valued at approximately $39,965,000. ArrowMark Colorado Holdings LLC raised its position in shares of Via Transportation by 41.2% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 599,909 shares of the company’s stock valued at $17,403,000 after purchasing an additional 174,909 shares during the period. Finally, Bamco Inc. NY lifted its stake in shares of Via Transportation by 55.8% in the fourth quarter. Bamco Inc. NY now owns 519,380 shares of the company’s stock worth $15,067,000 after buying an additional 185,996 shares during the last quarter. Institutional investors and hedge funds own 74.40% of the company’s stock.

More Via Transportation News

Here are the key news stories impacting Via Transportation this week:

• Negative Sentiment: Multiple law firms reiterated that a class action has been filed against Via Transportation and certain officers, alleging violations of federal securities laws related to IPO offering materials. Article Title
• Negative Sentiment: Several notices emphasized that investors who bought VIA shares in or around the IPO may have lost money and can seek lead-plaintiff status, reinforcing concerns about litigation exposure. Article Title
• Negative Sentiment: One filing framed the lawsuit as stemming from alleged “land and expand” growth claims that supposedly masked regulatory barriers, suggesting the stock’s prior weakness may be tied to operational and disclosure concerns. Article Title
• Neutral Sentiment: Additional firms including Robbins Geller, Rosen, Pomerantz, Portnoy, Gross, SueWallSt, and Faruqi & Faruqi issued deadline reminders and case updates, but these were largely procedural rather than new company-specific developments. Article Title

Via Transportation Trading Down 3.5%

Shares of Via Transportation stock opened at $17.45 on Thursday. Via Transportation Inc. has a 1 year low of $12.95 and a 1 year high of $56.31. The company’s fifty day simple moving average is $16.24 and its 200-day simple moving average is $17.86. The company has a market cap of $1.42 billion and a price-to-earnings ratio of -18.77.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and set a $50.00 price objective on shares of Via Transportation in a report on Wednesday, June 17th. Oppenheimer reissued an “outperform” rating and set a $25.00 target price on shares of Via Transportation in a research report on Monday, June 1st. The Goldman Sachs Group restated a “buy” rating and set a $24.00 price target on shares of Via Transportation in a report on Wednesday, May 13th. Raymond James Financial set a $19.00 price target on Via Transportation in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft set a $25.00 price objective on Via Transportation in a research note on Wednesday, May 13th. Twelve equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.10.

Insiders Place Their Bets

In related news, CEO Daniel Ramot acquired 3,571 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of $14.00 per share, for a total transaction of $49,994.00. Following the acquisition, the chief executive officer owned 2,420,957 shares in the company, valued at $33,893,398. This trade represents a 0.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nechemia Jacob Peres acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were bought at an average cost of $14.70 per share, with a total value of $367,500.00. Following the transaction, the director directly owned 30,434 shares of the company’s stock, valued at $447,379.80. The trade was a 460.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 31,904 shares of company stock valued at $467,289. Insiders own 39.28% of the company’s stock.

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.