Keystone Investors PTE Ltd. Buys New Shares in Pony AI Inc. – Sponsored ADR $PONY

Keystone Investors PTE Ltd. purchased a new stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 221,408 shares of the company’s stock, valued at approximately $4,979,000.

A number of other hedge funds also recently modified their holdings of PONY. Jones Financial Companies Lllp grew its holdings in shares of Pony AI by 704.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,924 shares in the last quarter. CWM LLC bought a new position in Pony AI in the second quarter worth $28,000. SBI Securities Co. Ltd. lifted its position in Pony AI by 29.7% in the third quarter. SBI Securities Co. Ltd. now owns 19,875 shares of the company’s stock worth $447,000 after purchasing an additional 4,546 shares during the period. Daiwa Securities Group Inc. acquired a new stake in Pony AI during the second quarter worth $64,000. Finally, SG Americas Securities LLC bought a new stake in Pony AI in the 3rd quarter valued at $116,000.

Pony AI Trading Up 1.0%

Shares of Pony AI stock opened at $14.34 on Friday. Pony AI Inc. – Sponsored ADR has a 1-year low of $4.11 and a 1-year high of $24.92. The firm’s 50-day moving average price is $15.06 and its two-hundred day moving average price is $16.10. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of -10.17 and a beta of 6.39.

Pony AI (NASDAQ:PONY) last announced its earnings results on Tuesday, November 25th. The company reported ($0.16) EPS for the quarter. Pony AI had a negative return on equity of 37.99% and a negative net margin of 350.98%.The business had revenue of $25.44 million during the quarter. As a group, equities research analysts predict that Pony AI Inc. – Sponsored ADR will post -0.38 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on PONY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a report on Thursday, January 22nd. Wall Street Zen raised Pony AI from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. CLSA assumed coverage on Pony AI in a research note on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price objective on the stock. Macquarie Infrastructure assumed coverage on Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 target price for the company. Finally, Barclays assumed coverage on Pony AI in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

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.