Pony AI Inc. – Sponsored ADR $PONY Position Lifted by M&G PLC

M&G PLC lifted its stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 11.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,717,398 shares of the company’s stock after purchasing an additional 284,629 shares during the quarter. M&G PLC owned about 0.62% of Pony AI worth $19,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Robeco Schweiz AG acquired a new position in Pony AI during the third quarter worth $9,888,000. TMT General Partner Ltd grew its holdings in Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after buying an additional 5,024,721 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Pony AI in the 2nd quarter worth $1,634,000. PensionDanmark Pensionsforsikringsaktieselskab increased its stake in shares of Pony AI by 93.3% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 145,000 shares of the company’s stock worth $1,008,000 after acquiring an additional 70,000 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Pony AI in the 1st quarter worth $1,042,000.

Analysts Set New Price Targets

Several research analysts have recently commented on PONY shares. BNP Paribas Exane upgraded Pony AI from a “neutral” rating to an “outperform” rating in a report on Thursday, August 20th. Jefferies Financial Group reissued a “buy” rating on shares of Pony AI in a report on Tuesday, August 18th. Bank of America cut their price objective on shares of Pony AI from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Morgan Stanley began coverage on shares of Pony AI in a research report on Tuesday, November 3rd. They set an “overweight” rating and a $10.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pony AI in a research note on Tuesday, September 8th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.76.

Insiders Place Their Bets

In other Pony AI news, CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction on Monday, September 28th. The stock was sold at an average price of $7.10, for a total value of $97,632.10. Following the sale, the chief financial officer owned 1,463,466 shares in the company, valued at $10,390,608.60. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ning Zhang sold 15,524 shares of Pony AI stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $110,220.40. Following the completion of the sale, the vice president owned 645,835 shares in the company, valued at $4,585,428.50. This represents a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,700 shares of company stock valued at $296,070 over the last quarter.

Pony AI Stock Performance

PONY stock opened at $4.60 on Wednesday. Pony AI Inc. – Sponsored ADR has a one year low of $4.27 and a one year high of $17.67. The firm has a market cap of $2.00 billion, a PE ratio of -12.78 and a beta of 4.04. The firm’s 50 day moving average price is $5.93 and its 200-day moving average price is $8.91.

About Pony AI

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.