Mitsubishi UFJ Asset Management Co. Ltd. Makes New $1.69 Million Investment in Pony AI Inc. – Sponsored ADR $PONY

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the second quarter, Holdings Channel.com reports. The firm acquired 128,225 shares of the company’s stock, valued at approximately $1,693,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in Pony AI in the first quarter valued at $2,336,000. Baader Bank Aktiengesellschaft acquired a new position in shares of Pony AI during the 1st quarter worth about $1,138,000. Keystone Investors PTE Ltd. purchased a new position in shares of Pony AI in the 1st quarter valued at about $120,000. Prudential PLC purchased a new position in shares of Pony AI in the 1st quarter valued at about $334,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pony AI during the 1st quarter worth about $229,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PONY shares. Daiwa Capital Markets assumed coverage on Pony AI in a report on Sunday, July 27th. They issued an “outperform” rating for the company. Jefferies Financial Group started coverage on shares of Pony AI in a research report on Friday, October 10th. They set a “buy” rating for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Citigroup reduced their price target 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. One investment 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. Based on data from MarketBeat, Pony AI currently has a consensus rating of “Moderate Buy” and an average price target of $20.42.

Pony AI Trading Down 7.7%

Shares of PONY opened at $12.77 on Friday. The company’s 50 day simple moving average is $18.89 and its 200-day simple moving average is $15.89. The firm has a market cap of $4.92 billion and a PE ratio of -10.22. Pony AI Inc. – Sponsored ADR has a 12-month low of $4.11 and a 12-month high of $24.92.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $21.45 million for the quarter. As a group, equities research analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.38 EPS for the current fiscal year.

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.