Pony AI Inc. - Sponsored ADR $PONY Shares Sold by Itau Unibanco Holding S.A.

Key Points

• Itau Unibanco Holding S.A. reduced its stake in Pony AI Inc. by 60%, selling 60,000 shares and holding 40,000 shares valued at $353,000.
• Several hedge funds, including Toyota Motor Corp with an investment of approximately $647 million, have recently increased their positions in Pony AI.
• Pony AI's stock has a consensus rating of "Buy" with a target price of $19.40, reflecting positive analyst sentiment and recent upgrades.

Itau Unibanco Holding S.A. decreased its position in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) by 60.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,000 shares of the company's stock after selling 60,000 shares during the quarter. Itau Unibanco Holding S.A.'s holdings in Pony AI were worth $353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Investors PTE Ltd. acquired a new stake in shares of Pony AI in the 1st quarter valued at $120,000. Barclays PLC purchased a new position in Pony AI in the fourth quarter valued at $212,000. Caitong International Asset Management Co. Ltd acquired a new stake in Pony AI in the first quarter valued at $229,000. Yarbrough Capital LLC lifted its holdings in Pony AI by 38.0% during the 1st quarter. Yarbrough Capital LLC now owns 100,001 shares of the company's stock worth $882,000 after buying an additional 27,538 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its position in shares of Pony AI by 45.1% during the 1st quarter. HITE Hedge Asset Management LLC now owns 98,588 shares of the company's stock worth $870,000 after acquiring an additional 30,654 shares in the last quarter.

Pony AI Stock Performance

NASDAQ:PONY traded down $0.13 during midday trading on Wednesday, reaching $14.06. The stock had a trading volume of 927,952 shares, compared to its average volume of 7,650,278. Pony AI Inc. - Sponsored ADR has a 12-month low of $4.11 and a 12-month high of $23.88. The firm has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $13.14.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PONY shares. Daiwa Capital Markets initiated 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 shares of Pony AI in a research report on Monday, August 4th. They set a "buy" rating and a $20.00 price objective for the company. Wall Street Zen raised shares of Pony AI from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Daiwa America upgraded shares of Pony AI to a "strong-buy" rating in a research note on Sunday, July 27th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $19.40.

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.