CI Investments Inc. Boosts Holdings in Pony AI Inc. – Sponsored ADR $PONY

CI Investments Inc. grew its position in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 158,106.3% in the third quarter, Holdings Channel reports. The institutional investor owned 403,426 shares of the company’s stock after buying an additional 403,171 shares during the period. CI Investments Inc.’s holdings in Pony AI were worth $9,073,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new position in shares of Pony AI during the first quarter worth about $139,000. CWM LLC purchased a new stake in Pony AI in the 2nd quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Pony AI during the 2nd quarter worth approximately $1,693,000. BP PLC purchased a new position in shares of Pony AI during the 2nd quarter worth approximately $346,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Pony AI by 776.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 15,329 shares of the company’s stock valued at $202,000 after buying an additional 13,580 shares during the period.

Wall Street Analysts Forecast Growth

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

Pony AI Trading Up 4.6%

Shares of PONY opened at $13.50 on Thursday. Pony AI Inc. – Sponsored ADR has a 12-month low of $4.11 and a 12-month high of $24.92. The stock has a market cap of $5.20 billion, a P/E ratio of -9.57 and a beta of 6.26. The company has a 50-day moving average of $14.92 and a two-hundred day moving average of $16.07.

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.