Lansforsakringar Fondforvaltning AB publ Makes New Investment in Pony AI Inc. - Sponsored ADR $PONY

Key Points

• Lansforsakringar Fondforvaltning AB has acquired a new stake in Pony AI Inc., purchasing 39,147 shares valued at approximately $345,000 in the first quarter.
• Several hedge funds have also increased their positions in Pony AI, indicating growing interest with investments totaling over $1 million from various firms.
• Pony AI's stock opened at $14.37 and has recently received positive analyst ratings, with a consensus rating of "Buy" and a price target of $19.40.

Lansforsakringar Fondforvaltning AB publ bought a new position in Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 39,147 shares of the company's stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Keystone Investors PTE Ltd. purchased a new position in shares of Pony AI during the first quarter valued at $120,000. Barclays PLC purchased a new position in shares of Pony AI during the fourth quarter valued at $212,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Pony AI during the first quarter valued at $229,000. Yarbrough Capital LLC grew its holdings in shares of Pony AI by 38.0% during the first quarter. Yarbrough Capital LLC now owns 100,001 shares of the company's stock valued at $882,000 after buying an additional 27,538 shares in the last quarter. Finally, HITE Hedge Asset Management LLC grew its holdings in shares of Pony AI by 45.1% during the first quarter. HITE Hedge Asset Management LLC now owns 98,588 shares of the company's stock valued at $870,000 after buying an additional 30,654 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Pony AI Stock Performance

NASDAQ PONY traded up $0.09 on Friday, reaching $13.71. The stock had a trading volume of 2,973,876 shares, compared to its average volume of 5,750,393. The business has a 50 day moving average price of $13.98 and a 200 day moving average price of $13.05. Pony AI Inc. - Sponsored ADR has a 1 year low of $4.11 and a 1 year 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 for the quarter. The business had revenue of $21.45 million during the quarter. 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.