Matthews International Capital Management LLC purchased a new position in shares of Pony AI Inc. (NASDAQ:PONY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 115,290 shares of the company's stock, valued at approximately $1,654,000. Pony AI accounts for approximately 0.3% of Matthews International Capital Management LLC's portfolio, making the stock its 28th biggest holding.
Separately, Neumann Advisory Hong Kong Ltd bought a new stake in shares of Pony AI in the fourth quarter valued at $14,808,000.
Pony AI Stock Performance
Shares of NASDAQ PONY traded down $0.27 during mid-day trading on Friday, hitting $13.16. The company had a trading volume of 582,731 shares, compared to its average volume of 802,782. Pony AI Inc. has a 1 year low of $11.90 and a 1 year high of $16.32. The business's 50-day simple moving average is $13.63.
Wall Street Analyst Weigh In
Several analysts have issued reports on PONY shares. Deutsche Bank Aktiengesellschaft started coverage on Pony AI in a research note on Tuesday, January 14th. They issued a "buy" rating and a $20.00 target price on the stock. Bank of America started coverage on Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $18.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $19.60 target price on the stock.
Check Out Our Latest Stock Analysis on PONY
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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