37,911 Shares in Pony AI Inc. - Sponsored ADR $PONY Bought by Prudential PLC

Key Points

• Prudential PLC acquired 37,911 shares of Pony AI Inc. during the 1st quarter, valued at approximately $334,000.
• Mirae Asset Global Investments Co. Ltd. significantly increased its stake in Pony AI by 3,136.3%, owning 632,791 shares worth $5,581,000 after a major purchase.
• Pony AI currently has a consensus rating of "Buy" among analysts, with a target price of $19.40.

Prudential PLC purchased a new stake in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,911 shares of the company's stock, valued at approximately $334,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Toyota Motor Corp acquired a new position in Pony AI in the fourth quarter valued at approximately $647,421,000. Aspex Management HK Ltd acquired a new position in Pony AI in the fourth quarter valued at approximately $34,091,000. Wellington Management Group LLP acquired a new position in Pony AI in the fourth quarter valued at approximately $19,334,000. Soros Fund Management LLC acquired a new position in Pony AI in the fourth quarter valued at approximately $12,718,000. Finally, Janus Henderson Group PLC acquired a new position in Pony AI in the fourth quarter valued at approximately $12,203,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PONY. Daiwa Capital Markets began coverage on Pony AI in a research report on Sunday, July 27th. They set an "outperform" rating on the stock. UBS Group began coverage on Pony AI in a research report on Monday, August 4th. They set a "buy" rating and a $20.00 target price on the stock. Daiwa America raised Pony AI to a "strong-buy" rating in a research report on Sunday, July 27th. Finally, Wall Street Zen raised Pony AI from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $19.40.

Pony AI Trading Up 4.2%

Pony AI stock traded up $0.61 during trading on Friday, hitting $14.97. 2,149,850 shares of the company were exchanged, compared to its average volume of 7,828,615. The business's 50 day moving average is $13.62 and its 200 day moving average is $13.14. Pony AI Inc. - Sponsored ADR has a 52 week low of $4.11 and a 52 week high of $23.88.

Pony AI (NASDAQ:PONY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $21.45 million during the quarter. On average, sell-side analysts anticipate that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current fiscal year.

Pony AI Profile

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.