Pony AI Inc. – Sponsored ADR $PONY Stake Raised by M&G PLC

M&G PLC grew its stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 11.7% during the third quarter, Holdings Channel.com reports. The fund owned 2,717,398 shares of the company’s stock after acquiring an additional 284,629 shares during the period. M&G PLC’s holdings in Pony AI were worth $19,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verus Capital Partners LLC acquired a new position in shares of Pony AI in the 3rd quarter worth approximately $204,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Pony AI during the 3rd quarter worth approximately $361,000. Profund Advisors LLC increased its holdings in Pony AI by 8.1% in the 3rd quarter. Profund Advisors LLC now owns 55,335 shares of the company’s stock valued at $362,000 after purchasing an additional 4,147 shares during the last quarter. Robeco Schweiz AG acquired a new stake in Pony AI in the 3rd quarter valued at approximately $9,888,000. Finally, SBI Securities Co. Ltd. increased its holdings in Pony AI by 81.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 38,557 shares of the company’s stock valued at $252,000 after purchasing an additional 17,296 shares during the last quarter.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Pony AI news, CFO Haojun Wang sold 13,751 shares of the stock in a transaction dated 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 of the company’s stock, valued at $10,390,608.60. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ning Zhang sold 15,524 shares of the stock in a transaction dated 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 directly owned 645,835 shares in the company, valued at $4,585,428.50. This represents a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,700 shares of company stock worth $296,070 in the last quarter.

Pony AI Trading Down 5.2%

NASDAQ:PONY opened at $4.60 on Wednesday. The firm has a market cap of $2.00 billion, a PE ratio of -12.78 and a beta of 4.04. The stock has a fifty day moving average price of $5.93 and a 200 day moving average price of $8.91. Pony AI Inc. – Sponsored ADR has a 12-month low of $4.27 and a 12-month high of $17.67.

Pony AI Company Profile

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.