Headlands Technologies LLC Invests $1.63 Million in Pony AI Inc. – Sponsored ADR $PONY

Headlands Technologies LLC purchased a new stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 2nd quarter, Holdings Channel reports. The fund purchased 235,066 shares of the company’s stock, valued at approximately $1,634,000.

A number of other hedge funds have also modified their holdings of the business. Banque Cantonale Vaudoise raised its position in shares of Pony AI by 71.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after purchasing an additional 1,523 shares during the last quarter. Baader Bank Aktiengesellschaft raised its holdings in shares of Pony AI by 0.7% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 229,732 shares of the company’s stock worth $3,330,000 after acquiring an additional 1,539 shares during the last quarter. Money Concepts Capital Corp lifted its position in shares of Pony AI by 2.1% in the fourth quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock valued at $1,356,000 after acquiring an additional 1,881 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Pony AI by 14.4% during the fourth quarter. LPL Financial LLC now owns 18,674 shares of the company’s stock valued at $271,000 after acquiring an additional 2,353 shares during the last quarter. Finally, Leonteq Securities AG purchased a new stake in Pony AI during the 4th quarter worth about $38,000.

Pony AI Price Performance

PONY opened at $7.09 on Tuesday. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of -19.69 and a beta of 3.95. The business has a 50-day moving average of $7.40 and a two-hundred day moving average of $9.47. Pony AI Inc. – Sponsored ADR has a 12 month low of $6.36 and a 12 month high of $24.92.

Analyst Ratings Changes

Several research analysts recently weighed in on PONY shares. Bank of America cut their target price on shares of Pony AI from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, August 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Pony AI in a report on Tuesday, August 18th. Weiss Ratings lowered shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, BNP Paribas Exane upgraded shares of Pony AI from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 20th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Pony AI presently has an average rating of “Moderate Buy” and an average target price of $19.57.

Insider Buying and Selling

In related news, VP Luyi Mo sold 14,460 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $99,195.60. Following the sale, the vice president directly owned 350,156 shares of the company’s stock, valued at approximately $2,402,070.16. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ning Zhang sold 17,347 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $119,000.42. Following the transaction, the vice president directly owned 630,109 shares of the company’s stock, valued at $4,322,547.74. This trade represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 45,558 shares of company stock valued at $312,528.

About Pony AI

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.