Hel Ved Capital Management Ltd bought a new stake in shares of Pony AI Inc. (NASDAQ:PONY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,005,000 shares of the company's stock, valued at approximately $14,422,000. Pony AI comprises 4.2% of Hel Ved Capital Management Ltd's investment portfolio, making the stock its 4th largest holding. Hel Ved Capital Management Ltd owned about 0.29% of Pony AI as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of PONY. Pinpoint Asset Management Ltd bought a new stake in shares of Pony AI during the fourth quarter valued at approximately $108,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pony AI during the fourth quarter valued at approximately $281,000. Ovata Capital Management Ltd bought a new position in Pony AI in the fourth quarter valued at about $538,000. Matthews International Capital Management LLC bought a new stake in shares of Pony AI during the 4th quarter valued at $1,654,000. Finally, Alliancebernstein L.P. bought a new position in Pony AI during the 4th quarter worth approximately $3,354,000.
Analyst Ratings Changes
PONY has been the subject of several research reports. Bank of America started coverage on shares of Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $18.00 price objective for the company. The Goldman Sachs Group initiated coverage on Pony AI in a research report on Monday, December 23rd. They issued a "buy" rating and a $19.60 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Pony AI in a research report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 target price on the stock.
Check Out Our Latest Stock Analysis on Pony AI
Pony AI Price Performance
PONY traded down $0.73 during mid-day trading on Thursday, reaching $5.81. 1,209,462 shares of the stock were exchanged, compared to its average volume of 1,625,857. Pony AI Inc. has a 1 year low of $5.56 and a 1 year high of $23.88. The business has a 50 day moving average of $13.10.
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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