Millennium Management LLC purchased a new stake in shares of Pony AI Inc. (NASDAQ:PONY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,538 shares of the company's stock, valued at approximately $596,000.
A number of other large investors have also made changes to their positions in PONY. Pinpoint Asset Management Ltd acquired a new position in Pony AI in the 4th quarter valued at approximately $108,000. Barclays PLC acquired a new position in Pony AI in the 4th quarter valued at approximately $212,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI in the 4th quarter valued at approximately $281,000. Walleye Capital LLC acquired a new position in Pony AI in the 4th quarter valued at approximately $402,000. Finally, Ovata Capital Management Ltd acquired a new position in Pony AI in the 4th quarter valued at approximately $538,000.
Pony AI Trading Up 3.3%
Pony AI stock opened at $13.93 on Friday. The company has a 50 day moving average of $11.65. Pony AI Inc. has a twelve month low of $4.11 and a twelve month high of $23.88.
Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $13.98 million for the quarter. Equities research analysts forecast that Pony AI Inc. will post -0.38 earnings per share for the current year.
About Pony AI
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding PONY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pony AI Inc. (NASDAQ:PONY - Free Report).
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