Baillie Gifford & Co. Trims Stake in Pony AI Inc. – Sponsored ADR $PONY

Baillie Gifford & Co. cut its position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,460,363 shares of the company’s stock after selling 677,074 shares during the quarter. Baillie Gifford & Co.’s holdings in Pony AI were worth $145,294,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Pony AI by 84.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 539,141 shares of the company’s stock valued at $12,125,000 after acquiring an additional 247,602 shares during the period. SG Americas Securities LLC purchased a new stake in Pony AI in the 3rd quarter valued at $116,000. Delta Investment Management LLC acquired a new stake in Pony AI during the 3rd quarter worth $227,000. Renaissance Capital LLC grew its position in Pony AI by 96.9% during the 3rd quarter. Renaissance Capital LLC now owns 33,690 shares of the company’s stock worth $758,000 after purchasing an additional 16,579 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in Pony AI during the 3rd quarter worth $324,000.

Pony AI Price Performance

NASDAQ PONY opened at $16.44 on Friday. The company has a market cap of $6.33 billion, a P/E ratio of -11.66 and a beta of 6.42. Pony AI Inc. – Sponsored ADR has a 12 month low of $4.11 and a 12 month high of $24.92. The company has a 50-day moving average of $14.84 and a 200-day moving average of $16.02.

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

Wall Street Analyst Weigh In

PONY has been the subject of several recent research reports. Barclays began coverage on shares of Pony AI in a research note on Tuesday, December 16th. They set an “equal weight” rating and a $15.00 target price for the company. Jefferies Financial Group started coverage on Pony AI in a research note on Friday, October 10th. They issued a “buy” rating on the stock. Citigroup reiterated a “buy” rating on shares of Pony AI in a research report on Thursday, January 15th. CLSA assumed coverage on shares of Pony AI in a report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 target price on the stock. Finally, Macquarie began coverage on shares of Pony AI in a research report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pony AI presently has an average rating of “Moderate Buy” and an average price target of $22.10.

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.