264,800 Shares in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise has acquired 264,800 shares of Pony AI Inc., valued at approximately $2.3 million, increasing its stake to 0.08% of the company.
• Pony AI stock has recently seen a decline of 8.5%, with current trading values around $13.53, down from a twelve month high of $23.88.
• Analysts have a consensus rating of "Buy" for Pony AI, with an average target price of $19.20 following several upgrades from equities research analysts.

Banque Cantonale Vaudoise acquired a new position in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 264,800 shares of the company's stock, valued at approximately $2,336,000. Banque Cantonale Vaudoise owned 0.08% of Pony AI at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Toyota Motor Corp purchased a new stake in shares of Pony AI in the fourth quarter valued at approximately $647,421,000. Ontario Teachers Pension Plan Board purchased a new stake in Pony AI during the fourth quarter worth $310,559,000. Aspex Management HK Ltd bought a new position in shares of Pony AI in the 4th quarter worth $34,091,000. Carlyle Group Inc. purchased a new position in Pony AI in the fourth quarter valued at about $33,901,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Pony AI during the fourth quarter valued at about $19,334,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Daiwa America upgraded shares of Pony AI to a "strong-buy" rating in a research note on Sunday, July 27th. Daiwa Capital Markets started coverage on shares of Pony AI in a report on Sunday, July 27th. They issued an "outperform" rating for the company. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Pony AI has a consensus rating of "Buy" and an average target price of $19.20.

Pony AI Stock Performance

NASDAQ PONY traded down $0.40 during mid-day trading on Friday, reaching $13.04. 3,986,499 shares of the stock were exchanged, compared to its average volume of 8,756,812. Pony AI Inc. - Sponsored ADR has a 1 year low of $4.11 and a 1 year high of $23.88. The business's 50 day moving average is $13.89 and its 200-day moving average is $13.00.

Pony AI (NASDAQ:PONY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $13.98 million during the quarter. On average, research analysts predict 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.