Lingotto Investment Management LLP Purchases 850,000 Shares of Pony AI Inc. – Sponsored ADR $PONY

Lingotto Investment Management LLP increased its position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 55.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,379,892 shares of the company’s stock after purchasing an additional 850,000 shares during the quarter. Pony AI makes up 0.7% of Lingotto Investment Management LLP’s portfolio, making the stock its 20th largest holding. Lingotto Investment Management LLP owned approximately 0.68% of Pony AI worth $31,415,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. TMT General Partner Ltd acquired a new position in shares of Pony AI in the 2nd quarter valued at $71,903,000. Wellington Management Group LLP increased its stake in Pony AI by 47.8% in the first quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company’s stock valued at $17,568,000 after acquiring an additional 644,518 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in Pony AI in the second quarter valued at about $3,848,000. Schroder Investment Management Group acquired a new position in Pony AI in the second quarter worth about $1,941,000. Finally, Baader Bank Aktiengesellschaft lifted its stake in Pony AI by 112.6% during the second quarter. Baader Bank Aktiengesellschaft now owns 274,720 shares of the company’s stock worth $3,570,000 after purchasing an additional 145,525 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PONY. Wall Street Zen upgraded Pony AI from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Jefferies Financial Group began coverage on Pony AI in a research note on Friday, October 10th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research note on Wednesday, October 8th. Finally, Citigroup cut their price objective on Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Pony AI currently has an average rating of “Moderate Buy” and an average price target of $20.42.

Pony AI Price Performance

PONY stock opened at $14.60 on Friday. The business has a fifty day moving average price of $17.55 and a 200 day moving average price of $15.78. Pony AI Inc. – Sponsored ADR has a fifty-two week low of $4.11 and a fifty-two week high of $24.92. The stock has a market capitalization of $5.63 billion and a price-to-earnings ratio of -10.35.

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

Pony AI Company Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.