Sumitomo Mitsui Trust Group Inc. Has $17.20 Million Stock Holdings in Pony AI Inc. – Sponsored ADR $PONY

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 7.7% during the first quarter, HoldingsChannel reports. The fund owned 1,821,735 shares of the company’s stock after selling 152,764 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Pony AI were worth $17,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Pony AI during the third quarter valued at $89,174,000. Tiger Global Management LLC grew its stake in shares of Pony AI by 683.8% in the fourth quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock worth $42,050,000 after purchasing an additional 2,530,000 shares during the last quarter. FIL Ltd grew its stake in shares of Pony AI by 466.9% in the fourth quarter. FIL Ltd now owns 2,284,012 shares of the company’s stock worth $33,118,000 after purchasing an additional 1,881,128 shares during the last quarter. Marshall Wace LLP increased its holdings in Pony AI by 239.6% in the fourth quarter. Marshall Wace LLP now owns 2,502,711 shares of the company’s stock valued at $36,289,000 after purchasing an additional 1,765,718 shares during the period. Finally, Lingotto Investment Management LLP increased its holdings in Pony AI by 72.6% in the fourth quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock valued at $59,559,000 after purchasing an additional 1,727,620 shares during the period.

Pony AI Trading Up 3.9%

PONY stock opened at $6.95 on Wednesday. The firm has a market cap of $2.68 billion, a PE ratio of -19.31 and a beta of 4.04. The stock has a 50-day moving average price of $8.32 and a 200-day moving average price of $11.33. Pony AI Inc. – Sponsored ADR has a 1-year low of $6.36 and a 1-year high of $24.92.

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

Insiders Place Their Bets

In other Pony AI news, VP Luyi Mo sold 14,460 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $99,195.60. Following the transaction, the vice president directly owned 350,156 shares of the company’s stock, valued at approximately $2,402,070.16. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ning Zhang sold 17,347 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $119,000.42. Following the completion of the transaction, the vice president directly owned 630,109 shares in the company, valued at approximately $4,322,547.74. This trade represents a 2.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 45,558 shares of company stock worth $312,528.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PONY shares. Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Macquarie Infrastructure restated an “outperform” rating and set a $24.00 price objective on shares of Pony AI in a research report on Tuesday, May 26th. Wall Street Zen lowered Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, BNP Paribas Exane assumed coverage on Pony AI in a report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.95.

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.