Amova Asset Management Americas Inc. Increases Stock Position in Pony AI Inc. – Sponsored ADR $PONY

Amova Asset Management Americas Inc. grew its position in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 84.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,141 shares of the company’s stock after purchasing an additional 247,602 shares during the period. Amova Asset Management Americas Inc.’s holdings in Pony AI were worth $12,120,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Pony AI by 103.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after buying an additional 62,748 shares in the last quarter. CWM LLC purchased a new position in shares of Pony AI in the second quarter valued at $28,000. Jones Financial Companies Lllp increased its position in Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,924 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Pony AI during the second quarter valued at $64,000. Finally, SG Americas Securities LLC bought a new position in Pony AI during the third quarter valued at $116,000.

Pony AI Stock Up 4.6%

PONY stock opened at $13.50 on Thursday. Pony AI Inc. – Sponsored ADR has a twelve month low of $4.11 and a twelve month high of $24.92. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of -9.57 and a beta of 6.26. The business’s fifty day simple moving average is $14.92 and its two-hundred day simple moving average is $16.07.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PONY shares. Wall Street Zen upgraded shares of Pony AI from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. Barclays began coverage on Pony AI in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price objective for the company. Macquarie Infrastructure began coverage on Pony AI in a research report on Monday, December 15th. They set an “outperform” rating and a $29.00 target price on the stock. Finally, CLSA began coverage on Pony AI in a research report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.10.

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.