Bp Plc Invests $346,000 in Pony AI Inc. – Sponsored ADR $PONY

Bp Plc acquired a new stake in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,186 shares of the company’s stock, valued at approximately $346,000. Pony AI comprises 2.0% of Bp Plc’s investment portfolio, making the stock its 2nd largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. TMT General Partner Ltd bought a new stake in shares of Pony AI in the second quarter valued at $71,903,000. Wellington Management Group LLP increased its holdings in Pony AI by 47.8% in the 1st quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company’s stock worth $17,568,000 after acquiring an additional 644,518 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Pony AI in the 2nd quarter valued at about $3,848,000. Baader Bank Aktiengesellschaft lifted its holdings in Pony AI by 112.6% during the second quarter. Baader Bank Aktiengesellschaft now owns 274,720 shares of the company’s stock valued at $3,570,000 after purchasing an additional 145,525 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Pony AI during the first quarter worth about $2,336,000.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Pony AI in a research report on Friday, October 10th. They issued a “buy” rating on the stock. UBS Group started coverage on Pony AI in a research report on Monday, August 4th. They set a “buy” rating and a $20.00 target price on the stock. Wall Street Zen raised Pony AI from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research note on Wednesday, October 8th. Finally, Citigroup cut their target price on Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.42.

Pony AI Stock Performance

Shares of PONY stock opened at $14.04 on Friday. The company has a market capitalization of $4.92 billion and a PE ratio of -11.23. Pony AI Inc. – Sponsored ADR has a 52-week low of $4.11 and a 52-week high of $24.92. The business’s fifty day moving average is $18.91 and its 200 day moving average is $15.75.

Pony AI (NASDAQ:PONY) last announced its earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $21.45 million during the quarter. On average, sell-side analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.38 EPS for the current fiscal year.

Pony AI Company Profile

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.