Amova Asset Management Americas Inc. Buys 247,602 Shares of Pony AI Inc. – Sponsored ADR $PONY

Amova Asset Management Americas Inc. increased its stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 84.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 539,141 shares of the company’s stock after purchasing an additional 247,602 shares during the period. Amova Asset Management Americas Inc. owned approximately 0.14% of Pony AI worth $12,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HSG Holding Ltd bought a new stake in Pony AI in the 2nd quarter worth approximately $78,184,000. Bamco Inc. NY bought a new stake in shares of Pony AI in the second quarter worth $22,230,000. ARK Investment Management LLC purchased a new stake in Pony AI during the third quarter valued at $28,623,000. Lingotto Investment Management LLP increased its position in Pony AI by 55.6% during the second quarter. Lingotto Investment Management LLP now owns 2,379,892 shares of the company’s stock valued at $31,415,000 after acquiring an additional 850,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Pony AI by 268.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,728 shares of the company’s stock valued at $18,818,000 after acquiring an additional 609,666 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PONY. Macquarie Infrastructure initiated coverage on shares of Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 price target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. Citigroup reiterated a “buy” rating on shares of Pony AI in a research report on Thursday, January 15th. Barclays started coverage on shares of Pony AI in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 price objective for the company. Finally, CLSA started coverage on Pony AI in a research note on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.10.

Pony AI Trading Up 4.6%

NASDAQ:PONY opened at $13.50 on Thursday. The stock has a 50-day moving average price of $14.92 and a 200 day moving average price of $16.07. Pony AI Inc. – Sponsored ADR has a 12-month low of $4.11 and a 12-month high of $24.92. The stock has a market capitalization of $5.20 billion, a P/E ratio of -9.57 and a beta of 6.26.

Pony AI Company Profile

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.