Wellington Management Group LLP 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 fund purchased 1,347,293 shares of the company's stock, valued at approximately $19,334,000. Wellington Management Group LLP owned 0.39% of Pony AI as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Pony AI in the 4th quarter valued at about $281,000. Matthews International Capital Management LLC acquired a new position in Pony AI during the fourth quarter worth about $1,654,000. Robeco Schweiz AG purchased a new position in Pony AI in the fourth quarter valued at about $8,811,000. Neumann Advisory Hong Kong Ltd acquired a new stake in shares of Pony AI during the 4th quarter valued at approximately $14,808,000. Finally, Lingotto Investment Management LLP acquired a new stake in shares of Pony AI in the 4th quarter worth approximately $17,220,000.
Analysts Set New Price Targets
A number of analysts have commented on PONY shares. Deutsche Bank Aktiengesellschaft started coverage on Pony AI in a research report on Tuesday, January 14th. They set a "buy" rating and a $20.00 target price on the stock. Bank of America started coverage on shares of Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $18.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on shares of Pony AI in a report on Monday, December 23rd. They issued a "buy" rating and a $19.60 price target on the stock.
Read Our Latest Analysis on PONY
Pony AI Stock Down 9.4 %
Shares of PONY traded down $0.55 during trading hours on Friday, reaching $5.30. 4,231,505 shares of the company traded hands, compared to its average volume of 1,672,586. The company's fifty day moving average price is $12.80. Pony AI Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $23.88.
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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