Robeco Schweiz AG Makes New Investment in Pony AI Inc. – Sponsored ADR $PONY

Robeco Schweiz AG bought a new position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 3rd quarter, Holdings Channel reports. The fund bought 1,512,000 shares of the company’s stock, valued at approximately $9,888,000.

Several other institutional investors have also recently bought and sold shares of PONY. TMT General Partner Ltd lifted its position in Pony AI by 262.1% during the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after acquiring an additional 5,024,721 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Pony AI in the first quarter valued at about $3,144,000. Headlands Technologies LLC bought a new position in shares of Pony AI in the second quarter worth about $1,634,000. Quantinno Capital Management LP acquired a new position in shares of Pony AI during the 1st quarter worth about $1,042,000. Finally, PensionDanmark Pensionsforsikringsaktieselskab lifted its position in shares of Pony AI by 93.3% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 145,000 shares of the company’s stock worth $1,008,000 after purchasing an additional 70,000 shares during the last quarter.

Pony AI Trading Up 2.4%

Shares of NASDAQ:PONY opened at $5.14 on Friday. The firm has a market capitalization of $2.24 billion, a PE ratio of -14.28 and a beta of 3.89. Pony AI Inc. – Sponsored ADR has a 1-year low of $4.78 and a 1-year high of $22.46. The business’s 50 day moving average is $6.62 and its 200-day moving average is $7.89.

Analyst Ratings Changes

A number of research analysts have recently commented on PONY shares. Bank of America cut their price target on Pony AI from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Pony AI in a research note on Tuesday, September 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Pony AI in a research report on Tuesday, August 18th. Finally, BNP Paribas Exane upgraded shares of Pony AI from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 20th. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Pony AI currently has a consensus rating of “Moderate Buy” and an average price target of $19.57.

Insiders Place Their Bets

In other Pony AI news, VP Luyi Mo sold 12,425 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $88,217.50. Following the sale, the vice president owned 362,737 shares of the company’s stock, valued at $2,575,432.70. The trade was a 3.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Ning Zhang sold 15,524 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total transaction of $110,220.40. Following the completion of the transaction, the vice president owned 645,835 shares of the company’s stock, valued at approximately $4,585,428.50. This represents a 2.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 41,700 shares of company stock worth $296,070 over the last 90 days.

Pony AI Company Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.