Keystone Investors PTE Ltd. Acquires New Position in Pony AI Inc. – Sponsored ADR $PONY

Keystone Investors PTE Ltd. acquired a new stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 221,408 shares of the company’s stock, valued at approximately $4,979,000. Keystone Investors PTE Ltd. owned 0.06% of Pony AI as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PONY. CWM LLC acquired a new position in shares of Pony AI in the second quarter worth $28,000. Jones Financial Companies Lllp grew its stake in Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after purchasing an additional 1,924 shares in the last quarter. JPMorgan Chase & Co. increased its position in Pony AI by 103.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after purchasing an additional 62,748 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Pony AI during the 2nd quarter valued at about $64,000. Finally, SG Americas Securities LLC bought a new stake in shares of Pony AI in the 3rd quarter valued at approximately $116,000.

Pony AI Stock Up 1.0%

Shares of NASDAQ:PONY opened at $14.34 on Friday. The company has a market cap of $5.53 billion, a price-to-earnings ratio of -10.17 and a beta of 6.39. The business has a 50 day moving average price of $15.06 and a 200 day moving average price of $16.10. Pony AI Inc. – Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $24.92.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings results on Tuesday, November 25th. The company reported ($0.16) EPS for the quarter. The business had revenue of $25.44 million for the quarter. Pony AI had a negative return on equity of 37.99% and a negative net margin of 350.98%. Analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PONY shares. Wall Street Zen raised shares of Pony AI from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Macquarie Infrastructure started coverage on shares of Pony AI in a report on Monday, December 15th. They set an “outperform” rating and a $29.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a report on Thursday, January 22nd. Barclays started coverage on shares of Pony AI in a research report on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 target price on the stock. Finally, CLSA started coverage on Pony AI in a research report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.10.

About Pony AI

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.