Barclays PLC Purchases New Stake in Pony AI Inc. (NASDAQ:PONY)

Barclays PLC purchased a new stake in Pony AI Inc. (NASDAQ:PONY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,782 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also bought and sold shares of the company. Pinpoint Asset Management Ltd acquired a new stake in Pony AI in the 4th quarter valued at $108,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Pony AI in the 4th quarter valued at $281,000. Ovata Capital Management Ltd acquired a new stake in Pony AI in the 4th quarter valued at $538,000. Matthews International Capital Management LLC acquired a new stake in Pony AI in the 4th quarter valued at $1,654,000. Finally, Alliancebernstein L.P. acquired a new stake in Pony AI in the 4th quarter valued at $3,354,000.

Pony AI Trading Up 11.9%

PONY opened at $20.07 on Tuesday. The business’s fifty day moving average price is $9.82. Pony AI Inc. has a 1 year low of $4.11 and a 1 year high of $23.88.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pony AI in a research report on Tuesday, January 14th. They issued a “buy” rating and a $20.00 price target for the company.

Pony AI Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.