Hudson Bay Capital Management LP Sells 327,023 Shares of Pony AI Inc. – Sponsored ADR $PONY

Hudson Bay Capital Management LP decreased its stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 59.6% in the third quarter, Holdings Channel.com reports. The firm owned 221,520 shares of the company’s stock after selling 327,023 shares during the period. Hudson Bay Capital Management LP’s holdings in Pony AI were worth $4,982,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Pony AI by 268.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,728 shares of the company’s stock valued at $18,818,000 after buying an additional 609,666 shares during the period. Money Concepts Capital Corp purchased a new position in Pony AI during the third quarter worth $2,062,000. ARK Investment Management LLC bought a new position in Pony AI during the third quarter valued at $28,623,000. Y Intercept Hong Kong Ltd bought a new position in Pony AI during the third quarter valued at $9,509,000. Finally, Eschler Asset Management LLP purchased a new stake in shares of Pony AI in the second quarter valued at $4,245,000.

Analyst Ratings Changes

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

Pony AI Stock Down 2.1%

Shares of NASDAQ PONY opened at $10.53 on Friday. Pony AI Inc. – Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $24.92. The firm has a market cap of $4.06 billion, a PE ratio of -7.47 and a beta of 6.26. The business has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $15.82.

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.