Eschler Asset Management LLP Invests $4.25 Million in Pony AI Inc. – Sponsored ADR $PONY

Eschler Asset Management LLP acquired a new stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 320,300 shares of the company’s stock, valued at approximately $4,245,000. Pony AI comprises about 3.1% of Eschler Asset Management LLP’s investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of PONY. TMT General Partner Ltd bought a new position in shares of Pony AI in the second quarter worth approximately $71,903,000. Bamco Inc. NY bought a new stake in shares of Pony AI during the second quarter valued at approximately $22,230,000. Lingotto Investment Management LLP raised its holdings in Pony AI by 55.6% in the 2nd quarter. Lingotto Investment Management LLP now owns 2,379,892 shares of the company’s stock worth $31,415,000 after acquiring an additional 850,000 shares during the last quarter. Wellington Management Group LLP lifted its position in Pony AI by 47.8% in the 1st quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company’s stock valued at $17,568,000 after acquiring an additional 644,518 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Pony AI by 431.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 602,952 shares of the company’s stock valued at $7,959,000 after purchasing an additional 489,566 shares during the last quarter.

Pony AI Price Performance

Shares of PONY opened at $14.32 on Friday. The firm has a market capitalization of $5.52 billion and a P/E ratio of -10.16. Pony AI Inc. – Sponsored ADR has a one year low of $4.11 and a one year high of $24.92. The business has a fifty day moving average of $16.55 and a 200 day moving average of $15.64.

Analysts Set New Price Targets

A number of analysts have commented on PONY shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a report on Wednesday, October 8th. Citigroup reduced their price objective on Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a report on Friday, November 7th. Jefferies Financial Group assumed coverage on Pony AI in a research report on Friday, October 10th. They issued a “buy” rating for the company. Finally, Wall Street Zen raised shares of Pony AI from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.42.

About Pony AI

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.