Yunqi Capital Ltd Buys New Shares in Pony AI Inc. – Sponsored ADR $PONY

Yunqi Capital Ltd bought a new stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 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 portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Pony AI by 268.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,728 shares of the company’s stock worth $18,818,000 after purchasing an additional 609,666 shares during the period. ARK Investment Management LLC bought a new position in Pony AI during the third quarter worth about $28,623,000. Money Concepts Capital Corp bought a new position in Pony AI during the third quarter worth about $2,062,000. Carrhae Capital LLP bought a new position in Pony AI during the third quarter worth about $6,686,000. Finally, Ghisallo Capital Management LLC bought a new position in Pony AI during the third quarter worth about $53,076,000.

Pony AI Trading Up 2.3%

NASDAQ:PONY opened at $9.96 on Friday. Pony AI Inc. – Sponsored ADR has a 1 year low of $7.99 and a 1 year high of $24.92. The firm has a 50 day moving average of $9.81 and a 200-day moving average of $12.72. The stock has a market capitalization of $3.84 billion, a P/E ratio of -27.67 and a beta of 4.10.

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

Wall Street Analyst Weigh In

PONY has been the subject of a number of analyst reports. The Goldman Sachs Group set a $30.00 price target on shares of Pony AI in a research note on Thursday, April 16th. Macquarie Infrastructure restated an “outperform” rating and set a $24.00 price target on shares of Pony AI in a research note on Tuesday. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday. Barclays cut their price objective on Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. Finally, BNP Paribas Exane initiated coverage on Pony AI in a report on Thursday, March 26th. They set a “neutral” rating and a $12.50 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.95.

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.