Hel Ved Capital Management Ltd Buys 250,900 Shares of Pony AI Inc. – Sponsored ADR $PONY

Hel Ved Capital Management Ltd boosted its stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 47.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 778,879 shares of the company’s stock after purchasing an additional 250,900 shares during the period. Pony AI makes up approximately 3.0% of Hel Ved Capital Management Ltd’s portfolio, making the stock its 8th biggest holding. Hel Ved Capital Management Ltd owned 0.20% of Pony AI worth $11,294,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PONY. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Pony AI during the 4th quarter worth about $2,538,000. Platinum Investment Management Ltd. acquired a new stake in shares of Pony AI during the 4th quarter valued at about $240,000. Keystone Investors PTE Ltd. grew its position in shares of Pony AI by 202.0% during the 4th quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company’s stock valued at $9,696,000 after acquiring an additional 447,250 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Pony AI during the 4th quarter valued at about $362,000. Finally, Marex Group plc acquired a new stake in shares of Pony AI during the 4th quarter valued at about $8,220,000.

Pony AI Price Performance

PONY opened at $8.15 on Friday. The company’s 50 day simple moving average is $9.62 and its two-hundred day simple moving average is $12.45. Pony AI Inc. – Sponsored ADR has a 1-year low of $7.95 and a 1-year high of $24.92. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -22.64 and a beta of 3.83.

Pony AI (NASDAQ:PONY) last released 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 business had revenue of $34.25 million for the quarter, compared to analyst estimates of $22.30 million. On average, equities analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays dropped their target price on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings cut Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research report on Thursday, April 16th. Finally, BNP Paribas Exane assumed coverage on Pony AI in a research report on Thursday, March 26th. They set a “neutral” rating and a $12.50 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Pony AI currently has an average rating of “Moderate Buy” and a consensus target price of $19.95.

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.