Pamalican Asset Management Ltd bought a new position in shares of Pony AI Inc. (NASDAQ:PONY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 551,734 shares of the company's stock, valued at approximately $7,917,000. Pony AI comprises 3.5% of Pamalican Asset Management Ltd's holdings, making the stock its 8th biggest position. Pamalican Asset Management Ltd owned about 0.16% of Pony AI at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. IDG China Venture Capital Fund IV Associates L.P. acquired a new stake in shares of Pony AI during the 4th quarter worth approximately $144,973,000. IDG China Capital Fund III Associates L.P. bought a new position in Pony AI during the fourth quarter worth about $93,700,000. Wellington Management Group LLP acquired a new stake in shares of Pony AI in the 4th quarter valued at about $19,334,000. Lingotto Investment Management LLP bought a new stake in Pony AI during the 4th quarter worth about $17,220,000. Finally, Neumann Advisory Hong Kong Ltd bought a new position in Pony AI during the fourth quarter worth about $14,808,000.
Pony AI Stock Up 1.4 %
Shares of Pony AI stock traded up $0.08 during trading hours on Wednesday, reaching $5.85. 1,097,469 shares of the stock traded hands, compared to its average volume of 1,607,920. Pony AI Inc. has a one year low of $5.56 and a one year high of $23.88. The business's 50 day moving average is $13.37.
Wall Street Analysts Forecast Growth
PONY has been the topic of a number of recent analyst reports. Bank of America began coverage on Pony AI in a research report on Monday, December 23rd. They issued a "buy" rating and a $18.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Pony AI in a research note on Tuesday, January 14th. They issued a "buy" rating and a $20.00 target price for the company. Finally, The Goldman Sachs Group started coverage on Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $19.60 price target for the company.
View Our Latest Analysis on PONY
Pony AI Profile
(
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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