Pony AI Inc. – Sponsored ADR $PONY Stock Position Lifted by Bamco Inc. NY

Bamco Inc. NY lifted its position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 38.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,335,346 shares of the company’s stock after acquiring an additional 651,251 shares during the quarter. Bamco Inc. NY owned 0.61% of Pony AI worth $52,522,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. HSG Holding Ltd acquired a new stake in shares of Pony AI during the 2nd quarter valued at approximately $78,184,000. Aspex Management HK Ltd boosted its holdings in Pony AI by 728.1% in the third quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock worth $93,119,000 after purchasing an additional 3,640,447 shares during the period. Lingotto Investment Management LLP increased its stake 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 purchasing an additional 850,000 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in shares of Pony AI during the third quarter worth $53,076,000. Finally, Soros Fund Management LLC raised its holdings in shares of Pony AI by 11.9% during the second quarter. Soros Fund Management LLC now owns 2,128,603 shares of the company’s stock worth $28,098,000 after purchasing an additional 226,755 shares during the period.

Pony AI Stock Performance

Shares of PONY opened at $11.44 on Monday. The firm has a fifty day moving average of $14.59 and a 200-day moving average of $15.97. The company has a market cap of $4.41 billion, a price-to-earnings ratio of -8.11 and a beta of 6.24. Pony AI Inc. – Sponsored ADR has a 1 year low of $4.11 and a 1 year high of $24.92.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PONY shares. 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 price target for the company. Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Saturday. Macquarie Infrastructure assumed coverage on shares of Pony AI in a report on Monday, December 15th. They issued an “outperform” rating and a $29.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a research note on Thursday, January 22nd. Finally, CLSA started coverage on Pony AI in a report on Friday, January 2nd. They set an “outperform” rating and a $22.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.10.

Pony AI 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.