Flight Deck Capital LP Increases Stock Holdings in Pony AI Inc. – Sponsored ADR $PONY

Flight Deck Capital LP increased its stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 65.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 672,600 shares of the company’s stock after purchasing an additional 267,200 shares during the quarter. Pony AI makes up approximately 11.5% of Flight Deck Capital LP’s investment portfolio, making the stock its 2nd largest position. Flight Deck Capital LP’s holdings in Pony AI were worth $15,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings 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 buying an additional 1,924 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Pony AI by 103.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after acquiring an additional 62,748 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Pony AI in the 2nd quarter valued at about $64,000. Banque Cantonale Vaudoise increased its stake in shares of Pony AI by 71.2% during the 3rd 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. Finally, SG Americas Securities LLC acquired a new position in shares of Pony AI during the 3rd quarter worth about $116,000.

Pony AI Price Performance

Shares of PONY opened at $11.44 on Monday. The company’s 50-day moving average is $14.59 and its 200-day moving average is $15.97. The firm has a market capitalization of $4.41 billion, a PE ratio of -8.11 and a beta of 6.24. Pony AI Inc. – Sponsored ADR has a fifty-two week low of $4.11 and a fifty-two week high of $24.92.

Analysts Set New Price Targets

PONY has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research note on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Pony AI in a research report on Thursday, January 15th. Barclays assumed coverage on Pony AI in a research note on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price objective on the stock. CLSA assumed coverage on Pony AI in a research note on Friday, January 2nd. They set an “outperform” rating and a $22.00 target price for the company. Finally, Wall Street Zen lowered Pony AI from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pony AI has an average rating of “Moderate Buy” and an average target price of $22.10.

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.