Yunqi Capital Ltd Purchases New Position in Pony AI Inc. – Sponsored ADR $PONY

Yunqi Capital Ltd purchased a new stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 415,000 shares of the company’s stock, valued at approximately $6,018,000. Pony AI makes up 4.8% of Yunqi Capital Ltd’s holdings, making the stock its 5th biggest holding. Yunqi Capital Ltd owned about 0.11% of Pony AI as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PONY. Goldman Sachs Group Inc. bought a new stake in shares of Pony AI in the 1st quarter valued at approximately $139,000. Invesco Ltd. bought a new stake in shares of Pony AI in the 2nd quarter valued at approximately $206,000. First Trust Advisors LP bought a new stake in Pony AI in the second quarter worth $276,000. Marshall Wace LLP boosted its holdings in Pony AI by 4.7% in the second quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock worth $3,505,000 after purchasing an additional 11,986 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Pony AI in the second quarter worth $64,000.

Pony AI Price Performance

PONY stock opened at $9.96 on Friday. Pony AI Inc. – Sponsored ADR has a 52-week low of $7.99 and a 52-week high of $24.92. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of -27.67 and a beta of 4.10. The company has a 50-day moving average of $9.81 and a two-hundred day moving average of $12.72.

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

Analyst Ratings Changes

PONY has been the subject of a number of recent research reports. Zacks Research upgraded shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings upgraded shares of Pony AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. HSBC assumed coverage on shares of Pony AI in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.60 price objective for the company. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research report on Thursday, April 16th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and set a $24.00 target price on shares of Pony AI in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.95.

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.