Pony AI Inc. – Sponsored ADR $PONY is HSG Holding Ltd’s 7th Largest Position

HSG Holding Ltd lowered its holdings in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 81.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,076,905 shares of the company’s stock after selling 4,846,092 shares during the quarter. Pony AI accounts for 1.2% of HSG Holding Ltd’s holdings, making the stock its 7th largest holding. HSG Holding Ltd owned 0.28% of Pony AI worth $24,220,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Pony AI by 704.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,924 shares during the period. JPMorgan Chase & Co. increased its position in shares of Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after acquiring an additional 62,748 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Pony AI in the 2nd quarter valued at approximately $64,000. Banque Cantonale Vaudoise lifted its holdings in shares of Pony AI by 71.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after acquiring an additional 1,523 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Pony AI in the 3rd quarter worth approximately $116,000.

Pony AI Trading Down 6.9%

Pony AI stock opened at $11.44 on Monday. The firm has a market capitalization of $4.41 billion, a P/E ratio of -8.11 and a beta of 6.24. The stock’s fifty day simple moving average is $14.59 and its 200-day simple moving average is $15.97. Pony AI Inc. – Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $24.92.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. CLSA assumed coverage on Pony AI in a research note on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price objective for the company. Barclays assumed coverage on Pony AI in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 target price on the stock. Citigroup restated a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. Finally, Wall Street Zen lowered shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.10.

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.