Mirae Asset Global Investments Co. Ltd. Raises Position in Pony AI Inc. – Sponsored ADR $PONY

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 898,409 shares of the company’s stock after buying an additional 61,681 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.23% of Pony AI worth $13,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after buying an additional 62,748 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Pony AI by 704.8% during the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after buying an additional 1,924 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Pony AI during the third quarter worth about $50,000. Banque Cantonale Vaudoise boosted its holdings in Pony AI by 71.2% during the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after buying an additional 1,523 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in Pony AI during the second quarter worth about $64,000.

Pony AI Stock Performance

Shares of PONY opened at $11.69 on Monday. The stock has a market cap of $4.50 billion, a P/E ratio of -32.47 and a beta of 6.34. The company has a 50-day moving average of $11.87 and a two-hundred day moving average of $14.67. Pony AI Inc. – Sponsored ADR has a 12-month low of $4.11 and a 12-month high of $24.92.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group set a $30.00 price objective on shares of Pony AI in a report on Thursday. Citigroup reissued a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. Barclays decreased their price objective on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. Wall Street Zen raised shares of Pony AI from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research downgraded shares of Pony AI from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.58.

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.