Pony AI Inc. – Sponsored ADR $PONY is IDG China Capital Fund III Associates L.P.’s 2nd Largest Position

IDG China Capital Fund III Associates L.P. decreased its position in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 28.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,570,712 shares of the company’s stock after selling 1,823,545 shares during the quarter. Pony AI accounts for approximately 6.5% of IDG China Capital Fund III Associates L.P.’s portfolio, making the stock its 2nd largest position. IDG China Capital Fund III Associates L.P. owned about 1.30% of Pony AI worth $102,795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PONY. SBI Securities Co. Ltd. grew its stake in shares of Pony AI by 29.7% in the third quarter. SBI Securities Co. Ltd. now owns 19,875 shares of the company’s stock valued at $447,000 after buying an additional 4,546 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in Pony AI during the 3rd quarter valued at about $543,000. Money Concepts Capital Corp acquired a new position in Pony AI in the 3rd quarter valued at about $2,062,000. Jones Financial Companies Lllp increased its stake in Pony AI by 704.8% during the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,924 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Pony AI by 268.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,728 shares of the company’s stock worth $18,818,000 after purchasing an additional 609,666 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PONY shares. Wall Street Zen cut shares of Pony AI from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Pony AI in a research note on Thursday, January 22nd. CLSA assumed coverage on Pony AI in a research report on Friday, January 2nd. They set an “outperform” rating and a $22.00 price objective on the stock. Macquarie assumed coverage on Pony AI in a report on Monday, December 15th. They issued an “outperform” rating and a $29.00 target price for the company. Finally, Citigroup reissued a “buy” rating on shares of Pony AI in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.10.

Pony AI Price Performance

NASDAQ:PONY opened at $13.08 on Friday. Pony AI Inc. – Sponsored ADR has a 12 month low of $4.11 and a 12 month high of $24.92. The firm has a market capitalization of $5.04 billion, a PE ratio of -9.28 and a beta of 6.39. The business’s fifty day moving average price is $15.17 and its 200 day moving average price is $16.11.

Pony AI (NASDAQ:PONY) last released its quarterly earnings data on Tuesday, November 25th. The company reported ($0.16) earnings per share (EPS) for the quarter. Pony AI had a negative return on equity of 37.99% and a negative net margin of 350.98%.The business had revenue of $25.44 million for the quarter. As a group, equities analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.38 EPS for the current 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.