TaaS allows you to use a third-party service to plan, book, and pay for multiple types of mobility services. Instead of having your own private vehicle, you use a service that provides a similar vehicle to you as needed.
The U.S. Census Bureau says the average one-way commute time was 27.6 minutes in 2019, which works out to about 55 minutes of commuting each day. Compare that with the 1,440 minutes in each day, and you can see just how little we actually use our cars. For many people, the ownership model may not make sense if TaaS is an option.
Because our cars aren’t in use the majority of the time, it might be better to just fire up an app and find a car nearby instead. Many TaaS services allow you to do just that, including Uber for ridesharing services and food delivery services or Zipcar for car reservations. This new model might make even more sense as more people are expected to live in urban cores in the coming decades.
TaaS could also be a lot cheaper for the average consumer. AAA reported that the average annual cost of new car ownership has increased to $9,282. Compare that with Zipcar, which would cost you about $74 per day. Although that may sound like a lot, if you use it twice per week, that is an annual cost of $7,696 per year. You also pay for a membership, which costs $7 per month. Using these estimates, Zipcar could save you about $1,500 per year. Using this car-sharing model, you also wouldn’t need to deal with car maintenance.
TaaS Stocks:
TaaS stock is stock issued by a company within the TaaS industry that provides transportation as a service. As an investor, you could buy shares of publicly traded TaaS companies from a brokerage. They could provide all the benefits you may get from stocks, such as stock price appreciation and dividends. Some TaaS stocks may even provide voting rights at shareholder meetings.
As a shareholder, you would have the opportunity to participate in the growth of companies in this emerging TaaS market. However, not every new company will be a winner, especially in an industry that is evolving and changing so rapidly. Hence, investing in a TaaS company also means there would be a chance of losing your investment.
TaaS stock refers to a financial asset sold by a public company in the transportation as a service field. Before we look into some examples, let’s explain what the industry revolves around. TaaS is a new mindset. It involves relying on a third party to solve your transportation needs. It can mean taking a rented vehicle, hiring a taxi/public transportation alternative, and much more.
Investment trends in TaaS:
According to O.P. Agarwal, World Bank and chairman of the Transportation Research Board Committee on Transport in Developing Countries, trends like telecommuting, e-commerce, and online shopping might change the way in which we perceive urban transportation. These trends are likely to change the nature of traditional car ownership while creating a larger market for TaaS companies.
The projected growth of TaaS stocks value in the next 12 months is solid, and the current prices are comparatively low, which might just signify the right time to buy. Still, it’s not just about buying TaaS stock or not. It’s also about finding the right TaaS companies to invest in.
In this article Stocks Telegraph is presenting you the 5 best TaaS companies stocks to buy right now.
Expeditors International of Washington Inc. (EXPD)
Expeditors International of Washington Inc. (EXPD) stock closed last session at $100.42, increasing 0.63% or $0.63. Shares of the company fluctuated between $99.05 and $101.27 throughout the day. The number of shares exchanged was 2.07 million, greater than the company’s 50-day daily volume of 1.2 million and higher than its Year-to-date volume of 1.37 million. In the past 12 months, the company’s stock has advanced -21.72%, and in the last one week, the stock has moved down -1.52%. For the last six months, the stock has gained a total of 0.93%, and over the last three months, the stock has increased by 1.85%. The stock has returned -25.22% so far this year. Additionally, the stock is trading at a price to earnings ratio of 11.08.
The top 3 mutual fund holders in Expeditors International of Washington Inc. are Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 4,966,113 shares of the company’s stock, all valued at over $510.96 million. The company bought an additional 24484.0 shares recently to bring their total holdings to about 3.04% of the shares outstanding. Vanguard 500 Index Fund now owns shares totaling to 2.29% of the shares outstanding.
DoorDash Inc. (DASH)
DoorDash Inc. (DASH) stock added 3.96% to finish last trading session at $64.53. The stock recorded a trading volume of 6.24 million shares, which is below the average daily trading volume published for the last 50 days of 5.71 million shares. The shares of DoorDash Inc. have retreated 9.15% in the last five days; however, they have lost -17.01% over the last one month. The stock price has surged 10.38% over the last three months and has lost -68.26 percent so far this year. Additionally, it has a price to cash flow ratio of 88.13 and its price to sales ratio stands at 4.31.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The T. Rowe Price Associates, Inc. bought more DASH shares, increasing its portfolio by 3.98% during the last quarter. This move now sees The T. Rowe Price Associates, Inc. purchasing 998,180 shares in the last quarter, thus it now holds 26,105,597 shares of DASH, with a total valuation of $1,563,725,260. The Vanguard Group, Inc. meanwhile bought more DASH shares in the recently filed quarter, changing its stake to $1,021,141,716 worth of shares.
Union Pacific Corporation (UNP)
On Wednesday, shares in Union Pacific Corporation (UNP) fell -3.69% to close the day at $217.95. The volume of shares traded was 5.92 million, which is higher than the average volume over the last three months of 2.46 million. During the trading session, the stock oscillated between $214.01 and $223.88. The company had an earnings per share ratio of 10.74. UNP’s stock has lost -4.74% of its value in the previous five sessions and -8.49% over the past one month, but has lost -13.49% on year-to-date basis. The stock’s 50-day moving average of $225.15 is above the 200-day moving average of $236.60. Moreover, the stock is currently trading at RSI of 36.28.
Looking at the support for the UNP, a number of firms have released research notes about the stock. Bernstein stated their Mkt Perform rating for the stock in a research note on September 14, 2022, with the firm’s price target at $234-$230. BofA Securities coverage for the Union Pacific Corporation (UNP) stock in a research note released on September 12, 2022 offered a Buy rating with a price target of $260. BofA Securities coverage for the Union Pacific Corporation (UNP) stock in a research note released on September 12, 2022 offered a Buy rating with a price target of $260. Daiwa Securities was of a view on August 26, 2022 that the stock is Neutral, while JP Morgan gave the stock Neutral rating on July 12, 2022, issuing a price target of $272- $232. Susquehanna on their part issued Neutral rating on July 06, 2022.
Uber Technologies Inc.
UBER stock gained 5.52% to close Wednesday’s session at $33.05. The stock volume remained 34.49 million shares, which was higher than the average daily volume of 27.29 million shares within the past 50 days. UBER shares have fallen by -15.28% over the last 12 months, and they have moved up by 10.06% in the past week. Over the past three months, the stock has gained 56.71%, while over the past six months, it has shed 10.91%. Further, the company has a current market of $63.99 billion and its outstanding shares stood at 1.98 billion.
According to SEC data, total insider shares purchases at the company stands at 189 over the last 12 months, while SEC filings reveal that there have been 272 insider sales over the same period. Insiders have purchases 1,296,912 shares while those sold by company executives and officers stand at 676,074. The last 3 months have seen insiders trade a total of 124,799 and 212,309 in purchases and sales respectively.
Matson Inc. (MATX)
The stock of Matson Inc. (MATX) lost -0.15% to complete the last trading session at $71.94. The price range of the company’s shares was between $71.15 and $72.56. It traded 0.36 million shares, which was below its daily average of 0.39 million shares over 100 days. MATX’s shares have dropped by -1.34% in the last five days, while they have subtracted -16.25% in the last month. The company has a current dividend yield of 1.72%. Further, it is currently trading at a price to earnings ratio of 2.13 and a price to book ratio of 1.35. Additionally, the price to cash flow ratio stood at 1.89.
Now let’s turn our focus to how large-scale investors are behaving with this stock. Matson Inc..’s current insider ownership accounts for 1.30%, in contrast to 87.60% institutional ownership. According to the most recent latest insider trade that took place on Aug 17 this organization’s EVP sold 5,000 at the rate of 81.64, making the entire transaction hit $408,222 in total value, affecting insider ownership by 25,499. Preceding that transaction, on Aug 17 Company’s Chairman & CEO sold 5,000 at a price of 82.81, making the whole transaction’s value amount to $0.41 million. This particular insider is now the holder of 247,802 in total.
