Aspex Management HK Ltd bought a new stake in Pony AI Inc. (NASDAQ:PONY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,375,666 shares of the company's stock, valued at approximately $34,091,000. Pony AI accounts for approximately 0.9% of Aspex Management HK Ltd's portfolio, making the stock its 20th biggest holding. Aspex Management HK Ltd owned 0.68% of Pony AI as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Pinpoint Asset Management Ltd purchased a new stake in Pony AI during the fourth quarter worth about $108,000. Barclays PLC acquired a new stake in shares of Pony AI during the 4th quarter valued at approximately $212,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pony AI in the 4th quarter worth approximately $281,000. Walleye Capital LLC purchased a new position in Pony AI in the 4th quarter valued at approximately $402,000. Finally, Ovata Capital Management Ltd acquired a new position in Pony AI during the fourth quarter worth $538,000.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Pony AI in a research report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price target for the company.
Read Our Latest Report on PONY
Pony AI Stock Up 47.6 %
Shares of NASDAQ:PONY traded up $4.62 on Tuesday, hitting $14.32. The company had a trading volume of 56,384,756 shares, compared to its average volume of 4,787,586. The business has a 50 day moving average of $9.70. Pony AI Inc. has a 52-week low of $4.11 and a 52-week high of $23.88.
About Pony AI
(
Free Report)
Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People's Republic of China.
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