Pictet Asset Management Holding SA Acquires Shares of 333,014 Pony AI Inc. – Sponsored ADR $PONY

Pictet Asset Management Holding SA acquired a new stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 333,014 shares of the company’s stock, valued at approximately $3,144,000.

A number of other hedge funds have also modified their holdings of the stock. Venturi Wealth Management LLC acquired a new stake in Pony AI in the 1st quarter valued at $264,000. Aaron Wealth Advisors LLC bought a new position in shares of Pony AI during the first quarter valued at $235,000. Blue Trust Inc. acquired a new stake in shares of Pony AI in the 1st quarter valued at $30,000. SG Americas Securities LLC boosted its stake in shares of Pony AI by 5.1% in the 1st quarter. SG Americas Securities LLC now owns 571,575 shares of the company’s stock valued at $5,396,000 after purchasing an additional 27,750 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Pony AI by 92.0% in the 4th quarter. Virtu Financial LLC now owns 50,738 shares of the company’s stock worth $736,000 after purchasing an additional 24,316 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PONY shares. HSBC assumed coverage on shares of Pony AI in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.60 target price for the company. Barclays decreased their price objective on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. Zacks Research raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $24.00 target price on shares of Pony AI in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.95.

Pony AI Price Performance

Shares of NASDAQ:PONY opened at $6.83 on Friday. The firm has a market cap of $2.63 billion, a P/E ratio of -18.97 and a beta of 4.04. Pony AI Inc. – Sponsored ADR has a 12 month low of $6.66 and a 12 month high of $24.92. The company’s 50-day moving average price is $8.80 and its two-hundred day moving average price is $11.77.

Pony AI (NASDAQ:PONY) last announced its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, topping 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 the consensus estimate of $22.30 million. As a group, equities analysts predict that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Pony AI

In other news, CFO Haojun Wang sold 13,751 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $94,331.86. Following the transaction, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at $9,895,577.44. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Luyi Mo sold 14,460 shares of the company’s stock in a transaction 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 transaction, the vice president directly owned 350,156 shares in the company, valued at $2,402,070.16. This trade represents a 3.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 45,558 shares of company stock worth $312,528.

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.