Baader Bank Aktiengesellschaft Increases Holdings in Pony AI Inc. - Sponsored ADR $PONY

Key Points

• Baader Bank Aktiengesellschaft significantly increased its holdings in Pony AI Inc. by 112.6%, acquiring a total of 274,720 shares, now valued at approximately $3.57 million.
• Other hedge funds, including Wellington Management Group and Mirae Asset Global Investments, also boosted their stakes in Pony AI, indicating growing institutional interest in the company.
• Pony AI's stock recently rose by 2% to $17.47, with analysts projecting an average target price of $19.40 and a consensus rating of "Buy" for the stock.

Baader Bank Aktiengesellschaft boosted its stake in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) by 112.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 274,720 shares of the company's stock after purchasing an additional 145,525 shares during the quarter. Baader Bank Aktiengesellschaft owned about 0.08% of Pony AI worth $3,570,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PONY. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Pony AI by 3,136.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 632,791 shares of the company's stock worth $5,581,000 after buying an additional 613,238 shares in the last quarter. Yarbrough Capital LLC increased its stake in shares of Pony AI by 38.0% in the 1st quarter. Yarbrough Capital LLC now owns 100,001 shares of the company's stock valued at $882,000 after purchasing an additional 27,538 shares during the last quarter. Prudential PLC bought a new position in shares of Pony AI in the 1st quarter valued at $334,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Pony AI in the 1st quarter valued at about $293,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Pony AI in the 4th quarter valued at about $691,000.

Analyst Ratings Changes

A number of equities research analysts have commented on PONY shares. Daiwa America upgraded Pony AI to a "strong-buy" rating in a research report on Sunday, July 27th. Wall Street Zen raised Pony AI from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 16th. Daiwa Capital Markets initiated coverage on Pony AI in a research note on Sunday, July 27th. They issued an "outperform" rating on the stock. Finally, UBS Group started coverage on Pony AI in a research note on Monday, August 4th. They issued a "buy" rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $19.40.

Pony AI Stock Performance

NASDAQ:PONY traded down $0.15 during trading hours on Monday, reaching $20.56. The stock had a trading volume of 15,130,357 shares, compared to its average volume of 6,735,463. Pony AI Inc. - Sponsored ADR has a 12-month low of $4.11 and a 12-month high of $23.88. The stock has a 50 day simple moving average of $14.85 and a 200 day simple moving average of $13.02.

Pony AI (NASDAQ:PONY - Get Free Report) last issued its quarterly earnings data 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, analysts expect that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current year.

Pony AI Company 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.