Pony AI Inc. – Sponsored ADR $PONY Shares Acquired by Lingotto Investment Management LLP

Lingotto Investment Management LLP lifted its stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 72.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,107,512 shares of the company’s stock after purchasing an additional 1,727,620 shares during the period. Pony AI accounts for about 1.0% of Lingotto Investment Management LLP’s portfolio, making the stock its 17th largest holding. Lingotto Investment Management LLP owned approximately 1.07% of Pony AI worth $59,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Leonteq Securities AG acquired a new position in Pony AI in the fourth quarter valued at approximately $38,000. Jones Financial Companies Lllp lifted its holdings in Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after acquiring an additional 1,924 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Pony AI by 103.5% in the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after acquiring an additional 62,748 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Pony AI in the third quarter valued at approximately $50,000. Finally, Daiwa Securities Group Inc. acquired a new position in Pony AI in the second quarter valued at approximately $64,000.

Analyst Ratings Changes

A number of research firms recently commented on PONY. Macquarie Infrastructure reiterated an “outperform” rating and issued a $24.00 price objective on shares of Pony AI in a report on Tuesday, May 26th. The Goldman Sachs Group set a $30.00 price target on Pony AI in a research note on Thursday, April 16th. Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings upgraded Pony AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, HSBC assumed coverage on Pony AI in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.60 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Pony AI currently has an average rating of “Moderate Buy” and an average target price of $19.95.

Pony AI Trading Up 7.6%

Shares of NASDAQ PONY opened at $10.79 on Tuesday. The stock has a market cap of $4.16 billion, a P/E ratio of -29.97 and a beta of 3.85. Pony AI Inc. – Sponsored ADR has a 12-month low of $7.99 and a 12-month high of $24.92. The business’s fifty day simple moving average is $9.79 and its 200-day simple moving average is $12.66.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. The business had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. On average, equities analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current fiscal year.

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.