Keystone Investors PTE Ltd. Has $9.70 Million Stake in Pony AI Inc. – Sponsored ADR $PONY

Keystone Investors PTE Ltd. raised its stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 202.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 668,658 shares of the company’s stock after purchasing an additional 447,250 shares during the period. Pony AI accounts for approximately 0.9% of Keystone Investors PTE Ltd.’s investment portfolio, making the stock its 26th biggest position. Keystone Investors PTE Ltd. owned approximately 0.17% of Pony AI worth $9,696,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PONY. Leonteq Securities AG bought a new position in Pony AI during the 4th quarter worth $38,000. Jones Financial Companies Lllp raised its position in 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 during the last quarter. JPMorgan Chase & Co. raised its position in Pony AI by 103.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after purchasing an additional 62,748 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Pony AI during the 3rd quarter worth $50,000. Finally, Daiwa Securities Group Inc. bought a new position in Pony AI during the 2nd quarter worth $64,000.

Pony AI Trading Down 1.8%

Shares of Pony AI stock opened at $8.15 on Friday. The business has a 50-day moving average price of $9.62 and a two-hundred day moving average price of $12.45. Pony AI Inc. – Sponsored ADR has a 1-year low of $7.95 and a 1-year high of $24.92. The company has a market cap of $3.14 billion, a P/E ratio of -22.64 and a beta of 3.83.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%.The firm had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. Equities research analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on PONY shares. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research report on Thursday, April 16th. Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 target price on shares of Pony AI in a research report on Tuesday, May 26th. Wall Street Zen lowered Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Finally, HSBC started coverage on Pony AI in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.60 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.95.

Pony AI 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.