Soros Fund Management LLC purchased a new stake in shares of Pony AI Inc. (NASDAQ:PONY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 886,262 shares of the company's stock, valued at approximately $12,718,000. Soros Fund Management LLC owned approximately 0.25% of Pony AI at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Ontario Teachers Pension Plan Board purchased a new position in Pony AI during the 4th quarter valued at approximately $310,559,000. IDG China Venture Capital Fund IV Associates L.P. bought a new stake in shares of Pony AI during the fourth quarter worth $144,973,000. IDG China Capital Fund III Associates L.P. purchased a new stake in Pony AI in the 4th quarter valued at about $93,700,000. Carlyle Group Inc. purchased a new stake in shares of Pony AI in the fourth quarter valued at approximately $33,901,000. Finally, Wellington Management Group LLP bought a new position in shares of Pony AI during the 4th quarter worth $19,334,000.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Pony AI in a report on Tuesday, January 14th. They set a "buy" rating and a $20.00 price objective on the stock.
Read Our Latest Stock Report on PONY
Pony AI Price Performance
Shares of Pony AI stock traded up $1.84 during trading on Friday, reaching $10.40. The company's stock had a trading volume of 28,904,001 shares, compared to its average volume of 4,009,647. The company has a 50-day moving average price of $9.99. Pony AI Inc. has a 1-year low of $4.11 and a 1-year 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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