Toyota Motor Corp purchased a new position in Pony AI Inc. (NASDAQ:PONY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 42,453,831 shares of the company's stock, valued at approximately $647,421,000. Pony AI makes up approximately 22.0% of Toyota Motor Corp's holdings, making the stock its 2nd largest holding. Toyota Motor Corp owned approximately 12.17% of Pony AI at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of PONY. Pinpoint Asset Management Ltd bought a new stake in Pony AI during the 4th quarter valued at $108,000. Barclays PLC bought a new stake in Pony AI during the 4th quarter valued at $212,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Pony AI during the 4th quarter valued at $281,000. Walleye Capital LLC bought a new stake in Pony AI during the 4th quarter valued at $402,000. Finally, Ovata Capital Management Ltd bought a new stake in Pony AI during the 4th quarter valued at $538,000.
Pony AI Price Performance
NASDAQ:PONY opened at $18.43 on Monday. The firm's fifty day moving average price is $10.08. Pony AI Inc. has a 52 week low of $4.11 and a 52 week high of $23.88.
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.
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