1,512,000 Shares in Pony AI Inc. - Sponsored ADR $PONY Purchased by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG acquired 1.512 million Pony AI shares in the third quarter, worth approximately $9.9 million and representing a 0.35% stake. Several other institutional investors also increased or initiated positions.
• Analyst sentiment remains generally positive, with seven Buy ratings, two Holds and one Sell; Pony AI has an overall “Moderate Buy” rating and an average price target of $19.57. Bank of America lowered its target to $17, while BNP Paribas Exane upgraded the stock to Outperform.
• Pony AI shares opened at $5.14, with a $2.24 billion market capitalization, after trading between $4.78 and $22.46 over the past year. Company insiders sold 41,700 shares worth about $296,070 during the latest quarter.

Robeco Schweiz AG bought a new stake in shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,512,000 shares of the company's stock, valued at approximately $9,888,000. Robeco Schweiz AG owned 0.35% of Pony AI as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. TMT General Partner Ltd increased its stake in shares of Pony AI by 262.1% in the first quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company's stock worth $65,534,000 after acquiring an additional 5,024,721 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in Pony AI in the first quarter valued at about $3,144,000. Headlands Technologies LLC purchased a new position in Pony AI in the second quarter valued at about $1,634,000. Quantinno Capital Management LP purchased a new position in Pony AI in the first quarter valued at about $1,042,000. Finally, PensionDanmark Pensionsforsikringsaktieselskab increased its position in Pony AI by 93.3% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 145,000 shares of the company's stock worth $1,008,000 after purchasing an additional 70,000 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PONY. Jefferies Financial Group reaffirmed a "buy" rating on shares of Pony AI in a research note on Tuesday, August 18th. Bank of America lowered their price target on Pony AI from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, August 18th. Weiss Ratings restated a "sell (e+)" rating on shares of Pony AI in a report on Tuesday, September 8th. Finally, BNP Paribas Exane raised shares of Pony AI from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 20th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.57.

Pony AI Trading Up 2.4%

Shares of NASDAQ:PONY opened at $5.14 on Friday. The stock has a market capitalization of $2.24 billion, a PE ratio of -14.28 and a beta of 3.89. Pony AI Inc. - Sponsored ADR has a 1 year low of $4.78 and a 1 year high of $22.46. The firm has a fifty day moving average price of $6.62 and a 200 day moving average price of $7.89.

Insiders Place Their Bets

In other news, CFO Haojun Wang sold 13,751 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $97,632.10. Following the transaction, the chief financial officer owned 1,463,466 shares of the company's stock, valued at approximately $10,390,608.60. This represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Luyi Mo sold 12,425 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $88,217.50. Following the transaction, the vice president directly owned 362,737 shares in the company, valued at approximately $2,575,432.70. This represents a 3.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,700 shares of company stock valued at $296,070 over the last quarter.

Pony AI Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.

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