Lingotto Investment Management LLP Boosts Stock Position in Pony AI Inc. – Sponsored ADR $PONY

Lingotto Investment Management LLP boosted its holdings in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 72.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,107,512 shares of the company’s stock after purchasing an additional 1,727,620 shares during the quarter. Pony AI makes up approximately 1.0% of Lingotto Investment Management LLP’s holdings, making the stock its 17th largest position. Lingotto Investment Management LLP’s holdings in Pony AI were worth $59,559,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Pony AI by 103.5% in the third 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 during the last quarter. Jones Financial Companies Lllp increased its holdings in Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,924 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Pony AI during the third quarter worth about $50,000. Leonteq Securities AG purchased a new position in shares of Pony AI during the fourth quarter worth about $38,000. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Pony AI by 71.2% during the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after purchasing an additional 1,523 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. HSBC initiated coverage on Pony AI in a report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price objective on the stock. Wall Street Zen cut Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research report on Thursday, April 16th. Barclays decreased their target price on Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th. Finally, BNP Paribas Exane initiated coverage on Pony AI in a research report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 target price for the company. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pony AI has an average rating of “Moderate Buy” and an average target price of $19.95.

Pony AI Stock Up 7.6%

Shares of PONY stock opened at $10.79 on Tuesday. The stock has a market capitalization of $4.16 billion, a PE ratio of -29.97 and a beta of 3.85. Pony AI Inc. – Sponsored ADR has a 52-week low of $7.99 and a 52-week high of $24.92. The stock’s 50-day moving average price is $9.79 and its 200 day moving average price is $12.66.

Pony AI (NASDAQ:PONY) last issued its quarterly earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.03. The firm had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. Analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

About Pony AI

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.