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

Keystone Investors PTE Ltd. increased its position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 202.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,658 shares of the company’s stock after buying 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 holding. Keystone Investors PTE Ltd.’s holdings in Pony AI were worth $9,696,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Leonteq Securities AG bought a new position in Pony AI in the fourth quarter worth approximately $38,000. Jones Financial Companies Lllp boosted its holdings in Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after acquiring an additional 1,924 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Pony AI by 103.5% in the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after acquiring an additional 62,748 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Pony AI in the third quarter worth approximately $50,000. Finally, Daiwa Securities Group Inc. bought a new position in Pony AI in the second quarter worth approximately $64,000.

Wall Street Analyst Weigh In

PONY has been the topic of several recent research reports. Barclays cut their price target on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. BNP Paribas Exane initiated coverage on Pony AI in a report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 price target on the stock. The Goldman Sachs Group set a $30.00 price target on Pony AI in a report on Thursday, April 16th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $24.00 price target on shares of Pony AI in a report on Tuesday, May 26th. Finally, Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.95.

Pony AI Stock Performance

PONY stock opened at $8.15 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of -22.64 and a beta of 3.83. Pony AI Inc. – Sponsored ADR has a 52-week low of $7.95 and a 52-week high of $24.92. The business has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $12.45.

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

Pony AI Company 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.