Mirae Asset Global Investments Co. Ltd. Has $18.82 Million Stock Holdings in Pony AI Inc. – Sponsored ADR $PONY

Mirae Asset Global Investments Co. Ltd. raised its holdings in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 268.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 836,728 shares of the company’s stock after buying an additional 609,666 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Pony AI were worth $18,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PONY. CWM LLC bought a new position in Pony AI in the 2nd quarter valued at about $28,000. Daiwa Securities Group Inc. bought a new stake in Pony AI during the 2nd quarter worth approximately $64,000. SG Americas Securities LLC bought a new position in shares of Pony AI in the third quarter valued at approximately $116,000. J. Safra Sarasin Holding AG bought a new position in shares of Pony AI in the third quarter valued at approximately $225,000. Finally, Delta Investment Management LLC purchased a new position in shares of Pony AI during the third quarter valued at approximately $227,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Macquarie assumed coverage on Pony AI in a research report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price target for the company. Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Citigroup restated a “buy” rating on shares of Pony AI in a report on Thursday, January 15th. CLSA started coverage on shares of Pony AI in a research report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.10.

Pony AI Stock Performance

Shares of NASDAQ:PONY opened at $14.43 on Friday. The company has a market capitalization of $5.56 billion, a P/E ratio of -10.23 and a beta of 6.42. The company’s 50-day moving average is $15.11 and its 200 day moving average is $16.10. Pony AI Inc. – Sponsored ADR has a fifty-two week low of $4.11 and a fifty-two week high of $24.92.

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

Pony AI 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.