Citigroup Inc. Cuts Holdings in Pony AI Inc. – Sponsored ADR $PONY

Citigroup Inc. decreased its holdings in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 81.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,616 shares of the company’s stock after selling 494,148 shares during the period. Citigroup Inc.’s holdings in Pony AI were worth $2,510,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Pony AI in the 2nd quarter worth about $1,693,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Pony AI by 268.5% during the 3rd 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. Money Concepts Capital Corp bought a new position in Pony AI during the 3rd quarter valued at about $2,062,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Pony AI during the 3rd quarter valued at about $9,509,000. Finally, Eschler Asset Management LLP purchased a new stake in shares of Pony AI during the 2nd quarter valued at about $4,245,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PONY shares. CLSA began coverage on shares of Pony AI in a report on Friday, January 2nd. They set an “outperform” rating and a $22.00 price objective for the company. Barclays began coverage on shares of Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 target price on the stock. Macquarie Infrastructure began coverage on shares of Pony AI in a research report on Monday, December 15th. They issued an “outperform” rating and a $29.00 target price for the company. Wall Street Zen upgraded shares of Pony AI from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $22.10.

Pony AI Stock Down 8.2%

Pony AI stock opened at $12.48 on Friday. Pony AI Inc. – Sponsored ADR has a 52-week low of $4.11 and a 52-week high of $24.92. The company has a market cap of $4.81 billion, a P/E ratio of -8.85 and a beta of 6.26. The business has a 50-day simple moving average of $14.83 and a two-hundred day simple moving average of $16.03.

About Pony AI

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.