Stifel Financial Corp acquired a new position in 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 firm acquired 86,222 shares of the company's stock, valued at approximately $1,237,000.
A number of other hedge funds also recently made changes to their positions in the stock. Pinpoint Asset Management Ltd bought a new stake in Pony AI during the 4th quarter valued at approximately $108,000. Barclays PLC bought a new stake in shares of Pony AI during the fourth quarter valued at approximately $212,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Pony AI in the fourth quarter worth $281,000. Walleye Capital LLC purchased a new position in shares of Pony AI during the fourth quarter valued at about $402,000. Finally, Ovata Capital Management Ltd bought a new stake in Pony AI in the 4th quarter worth approximately $538,000.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Pony AI in a research report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price target for the company.
Read Our Latest Research Report on Pony AI
Pony AI Stock Up 5.0 %
PONY stock traded up $0.84 during midday trading on Friday, reaching $17.80. The company's stock had a trading volume of 19,100,916 shares, compared to its average volume of 5,352,223. Pony AI Inc. has a 1 year low of $4.11 and a 1 year high of $23.88. The company's fifty day moving average price is $9.73.
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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