Wellington Management Group LLP purchased a new stake in shares of Pony AI Inc. (NASDAQ:PONY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,347,293 shares of the company's stock, valued at approximately $19,334,000. Wellington Management Group LLP owned approximately 0.39% of Pony AI as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of PONY. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Pony AI during the fourth quarter valued at $281,000. Lingotto Investment Management LLP bought a new stake in shares of Pony AI in the 4th quarter valued at approximately $17,220,000. Robeco Schweiz AG acquired a new position in Pony AI in the fourth quarter worth approximately $8,811,000. IDG China Capital Fund III Associates L.P. bought a new position in Pony AI during the fourth quarter valued at approximately $93,700,000. Finally, IDG China Venture Capital Fund IV Associates L.P. bought a new position in Pony AI during the fourth quarter valued at approximately $144,973,000.
Pony AI Stock Down 9.4%
PONY stock traded down $1.81 during trading hours on Monday, hitting $17.45. The company's stock had a trading volume of 19,150,101 shares, compared to its average volume of 6,732,989. The stock has a 50 day moving average of $11.15. Pony AI Inc. has a 12 month low of $4.11 and a 12 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 (EPS) for the quarter. The company had revenue of $13.98 million for the quarter. On average, research analysts expect that Pony AI Inc. will post -0.38 EPS for the current fiscal 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.
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