320,300 Shares in Pony AI Inc. – Sponsored ADR $PONY Bought by Eschler Asset Management LLP

Eschler Asset Management LLP purchased a new stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 320,300 shares of the company’s stock, valued at approximately $4,245,000. Pony AI accounts for approximately 3.1% of Eschler Asset Management LLP’s holdings, making the stock its 10th largest holding. Eschler Asset Management LLP owned about 0.09% of Pony AI at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CWM LLC bought a new position in shares of Pony AI during the second quarter valued at about $28,000. Daiwa Securities Group Inc. purchased a new position in Pony AI during the 2nd quarter valued at about $64,000. SBI Securities Co. Ltd. increased its holdings in Pony AI by 776.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 15,329 shares of the company’s stock valued at $202,000 after purchasing an additional 13,580 shares during the period. Invesco Ltd. bought a new position in Pony AI during the 2nd quarter valued at approximately $206,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Pony AI in the 1st quarter worth approximately $139,000.

Pony AI Stock Down 5.6%

Shares of PONY stock opened at $14.32 on Friday. The business’s fifty day moving average is $16.55 and its 200 day moving average is $15.64. The stock has a market cap of $5.52 billion and a price-to-earnings ratio of -10.16. Pony AI Inc. – Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $24.92.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PONY shares. Jefferies Financial Group started coverage on Pony AI in a research note on Friday, October 10th. They set a “buy” rating on the stock. Wall Street Zen raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Citigroup dropped their target price on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.42.

Pony AI Company Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.