Pony AI Inc. – Sponsored ADR $PONY Shares Purchased by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 93.3% in the 2nd quarter, Holdings Channel reports. The fund owned 145,000 shares of the company’s stock after acquiring an additional 70,000 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Pony AI were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PONY. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Pony AI by 266.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,974,499 shares of the company’s stock valued at $28,630,000 after purchasing an additional 1,435,358 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Pony AI in the first quarter valued at approximately $3,144,000. TMT General Partner Ltd lifted its position in Pony AI by 262.1% during the first quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after buying an additional 5,024,721 shares in the last quarter. Keystone Investors PTE Ltd. boosted its stake in Pony AI by 202.0% during the fourth quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company’s stock worth $9,696,000 after buying an additional 447,250 shares during the last quarter. Finally, Hel Ved Capital Management Ltd boosted its stake in Pony AI by 47.5% during the fourth quarter. Hel Ved Capital Management Ltd now owns 778,879 shares of the company’s stock worth $11,294,000 after buying an additional 250,900 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PONY shares. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research note on Thursday, April 16th. Weiss Ratings lowered shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Zacks Research upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, Macquarie Infrastructure reiterated an “outperform” rating and issued a $24.00 target price on shares of Pony AI in a report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.94.

Pony AI Trading Up 3.8%

Shares of PONY opened at $8.46 on Tuesday. The company’s 50-day moving average price is $7.66 and its 200 day moving average price is $10.20. Pony AI Inc. – Sponsored ADR has a 12-month low of $6.36 and a 12-month high of $24.92. The firm has a market cap of $3.68 billion, a P/E ratio of -23.50 and a beta of 3.95.

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

Insider Buying and Selling at Pony AI

In other Pony AI news, CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $94,331.86. Following the completion of the sale, the chief financial officer directly owned 1,442,504 shares of the company’s stock, valued at $9,895,577.44. The trade was a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ning Zhang sold 17,347 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $6.86, for a total value of $119,000.42. Following the transaction, the vice president directly owned 630,109 shares of the company’s stock, valued at approximately $4,322,547.74. This represents a 2.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 45,558 shares of company stock worth $312,528 over the last ninety days.

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.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.