Pony AI Inc. – Sponsored ADR $PONY Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its holdings in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 9.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,460,363 shares of the company’s stock after selling 677,074 shares during the period. Baillie Gifford & Co. owned 1.84% of Pony AI worth $145,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC purchased a new position in Pony AI during the second quarter worth about $28,000. Daiwa Securities Group Inc. acquired a new position in shares of Pony AI in the second quarter valued at approximately $64,000. SG Americas Securities LLC purchased a new stake in Pony AI during the 3rd quarter worth approximately $116,000. Goldman Sachs Group Inc. purchased a new stake in Pony AI during the 1st quarter worth approximately $139,000. Finally, Osaic Holdings Inc. acquired a new stake in Pony AI during the 2nd quarter worth approximately $140,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PONY shares. Citigroup reiterated a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research note on Wednesday, October 8th. Barclays began coverage on shares of Pony AI in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 target price on the stock. Macquarie started coverage on shares of Pony AI in a research note on Monday, December 15th. They issued an “outperform” rating and a $29.00 price target for the company. Finally, CLSA started coverage on shares of Pony AI in a report on Friday, January 2nd. They set an “outperform” rating and a $22.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Pony AI currently has an average rating of “Moderate Buy” and an average price target of $22.10.

Pony AI Stock Down 0.8%

PONY stock opened at $16.44 on Friday. The business has a 50 day moving average price of $14.84 and a 200 day moving average price of $16.02. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of -11.66 and a beta of 6.42. Pony AI Inc. – Sponsored ADR has a fifty-two week low of $4.11 and a fifty-two week high of $24.92.

Pony AI (NASDAQ:PONY) last released its quarterly earnings data on Tuesday, November 25th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $25.44 million for the quarter. Pony AI had a negative return on equity of 37.99% and a negative net margin of 350.98%. As a group, sell-side analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.38 EPS for the current year.

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.