Pony AI Inc. – Sponsored ADR $PONY is HSG Holding Ltd’s 7th Largest Position

HSG Holding Ltd cut its position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 81.8% during the third quarter, HoldingsChannel reports. The firm owned 1,076,905 shares of the company’s stock after selling 4,846,092 shares during the quarter. Pony AI accounts for 1.2% of HSG Holding Ltd’s holdings, making the stock its 7th biggest position. HSG Holding Ltd’s holdings in Pony AI were worth $24,220,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Pony AI by 704.8% during the third 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. JPMorgan Chase & Co. raised its stake 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 buying an additional 62,748 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in Pony AI during the 2nd quarter worth about $64,000. Banque Cantonale Vaudoise boosted its position in shares of Pony AI by 71.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after acquiring an additional 1,523 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Pony AI during the 3rd quarter worth about $116,000.

Pony AI Trading Down 6.9%

PONY stock opened at $11.44 on Monday. The company has a market capitalization of $4.41 billion, a P/E ratio of -8.11 and a beta of 6.24. The business has a 50 day simple moving average of $14.59 and a 200-day simple moving average of $15.97. Pony AI Inc. – Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $24.92.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PONY. CLSA initiated coverage on Pony AI in a research report on Friday, January 2nd. They set an “outperform” rating and a $22.00 target price on the stock. Citigroup reiterated a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. Barclays began coverage on shares of Pony AI in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 price objective for the company. Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Macquarie Infrastructure started coverage on shares of Pony AI in a research note on Monday, December 15th. They set an “outperform” rating and a $29.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.10.

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.