297,295 Shares in Pony AI Inc. – Sponsored ADR $PONY Purchased by Carrhae Capital LLP

Carrhae Capital LLP bought a new stake in shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 297,295 shares of the company’s stock, valued at approximately $6,686,000. Pony AI accounts for 0.4% of Carrhae Capital LLP’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise lifted 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 buying an additional 1,523 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after acquiring an additional 1,924 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Pony AI by 29.7% during the third quarter. SBI Securities Co. Ltd. now owns 19,875 shares of the company’s stock worth $447,000 after acquiring an additional 4,546 shares during the period. Daiwa Securities Group Inc. bought a new position in Pony AI during the second quarter worth $64,000. Finally, SG Americas Securities LLC acquired a new position in Pony AI during the 3rd quarter valued at $116,000.

Pony AI Stock Performance

NASDAQ:PONY opened at $11.15 on Wednesday. The company has a 50-day moving average of $14.37 and a 200-day moving average of $15.92. Pony AI Inc. – Sponsored ADR has a 52 week low of $4.11 and a 52 week high of $24.92. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of -7.91 and a beta of 6.26.

Analyst Ratings Changes

Several research firms have issued reports on PONY. Barclays initiated coverage on shares of Pony AI in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price target on the stock. Macquarie Infrastructure began coverage on shares of Pony AI in a research note on Monday, December 15th. They issued an “outperform” rating and a $29.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. Wall Street Zen cut Pony AI from a “hold” rating to a “sell” rating in a report on Saturday. Finally, CLSA started coverage on Pony AI in a research report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pony AI currently has a consensus rating of “Moderate Buy” and a consensus 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.