Headlands Technologies LLC Makes New Investment in Pony AI Inc. - Sponsored ADR $PONY

Key Points

• Headlands Technologies acquired 235,066 Pony AI shares worth approximately $1.63 million, while several other institutional investors—including TMT General Partner, Tiger Global and Lingotto—also increased their positions.
• Analyst sentiment is generally positive: seven analysts rate Pony AI a Buy, two recommend Hold and one recommends Sell, producing a “Moderate Buy” consensus and an average price target of $19.57.
• Pony AI shares opened at $7.09, near their 52-week low of $6.36 and well below the 52-week high of $24.92. Company insiders sold a combined 45,558 shares worth about $312,528 over the past 90 days.

Headlands Technologies LLC bought a new position in shares of Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 235,066 shares of the company's stock, valued at approximately $1,634,000. Headlands Technologies LLC owned approximately 0.05% of Pony AI as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. TMT General Partner Ltd raised its stake in Pony AI by 262.1% during the 1st 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 in the last quarter. Lingotto Investment Management LLP boosted its position in shares of Pony AI by 72.6% in the 4th quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company's stock valued at $59,559,000 after purchasing an additional 1,727,620 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Pony AI during the third quarter worth approximately $89,174,000. Tiger Global Management LLC raised its position in Pony AI by 683.8% in the 4th quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company's stock valued at $42,050,000 after purchasing an additional 2,530,000 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Pony AI by 31.0% in the fourth quarter. Wellington Management Group LLP now owns 2,840,863 shares of the company's stock valued at $41,193,000 after purchasing an additional 671,606 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PONY shares. Macquarie Infrastructure reiterated an "outperform" rating and set a $24.00 target price on shares of Pony AI in a research note on Tuesday, May 26th. Weiss Ratings downgraded Pony AI from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, June 11th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Pony AI in a research report on Tuesday, August 18th. Zacks Research raised Pony AI from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Finally, BNP Paribas Exane upgraded Pony AI from a "neutral" rating to an "outperform" rating in a research note on Thursday, August 20th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $19.57.

Pony AI Price Performance

Shares of PONY stock opened at $7.09 on Tuesday. The business's fifty day moving average price is $7.40 and its 200 day moving average price is $9.47. The firm has a market capitalization of $3.08 billion, a PE ratio of -19.69 and a beta of 3.95. Pony AI Inc. - Sponsored ADR has a 1-year low of $6.36 and a 1-year high of $24.92.

Insider Transactions at Pony AI

In other news, VP Luyi Mo sold 14,460 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $99,195.60. Following the completion of the transaction, the vice president owned 350,156 shares in the company, valued at $2,402,070.16. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ning Zhang sold 17,347 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $119,000.42. Following the completion of the sale, the vice president owned 630,109 shares of the company's stock, valued at $4,322,547.74. This trade represents a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,558 shares of company stock valued at $312,528 in the last ninety days.

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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