422,806 Shares in Pony AI Inc. – Sponsored ADR $PONY Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 422,806 shares of the company’s stock, valued at approximately $9,509,000. Y Intercept Hong Kong Ltd owned approximately 0.12% of Pony AI at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC acquired a new position in shares of Pony AI in the 2nd quarter valued at $28,000. Daiwa Securities Group Inc. acquired a new position in Pony AI during the 2nd quarter worth approximately $64,000. SG Americas Securities LLC purchased a new position in Pony AI in the third quarter worth $116,000. Goldman Sachs Group Inc. acquired a new stake in shares of Pony AI in the first quarter valued at about $139,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of Pony AI during the 2nd quarter worth approximately $140,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on PONY. Barclays started coverage on shares of Pony AI in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price objective on the stock. Jefferies Financial Group initiated coverage on Pony AI in a research report on Friday, October 10th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research report on Thursday. Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Citigroup restated a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Pony AI has a consensus rating of “Moderate Buy” and a consensus price target of $22.10.

Pony AI Price Performance

Shares of PONY opened at $16.44 on Friday. The business’s fifty day moving average price is $14.84 and its 200 day moving average price is $16.02. Pony AI Inc. – Sponsored ADR has a 12-month low of $4.11 and a 12-month high of $24.92. The stock has a market capitalization of $6.33 billion, a PE ratio of -11.66 and a beta of 6.42.

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