PensionDanmark Pensionsforsikringsaktieselskab Boosts Stock Position in Pony AI Inc. – Sponsored ADR $PONY

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) by 93.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 145,000 shares of the company’s stock after acquiring an additional 70,000 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Pony AI were worth $1,008,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP purchased a new stake in shares of Pony AI during the first quarter valued at $1,042,000. First Trust Advisors LP increased its stake in Pony AI by 32.3% in the 1st quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock worth $125,000 after buying an additional 3,236 shares during the period. TMT General Partner Ltd lifted its holdings in Pony AI by 262.1% during the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after buying an additional 5,024,721 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Pony AI during the 1st quarter valued at about $553,000. Finally, Money Concepts Capital Corp boosted its position in Pony AI by 13.4% in the 1st quarter. Money Concepts Capital Corp now owns 106,065 shares of the company’s stock valued at $1,001,000 after buying an additional 12,519 shares during the period.

Insider Buying and Selling at Pony AI

In related news, CFO Haojun Wang sold 13,751 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $94,331.86. Following the completion of the transaction, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at $9,895,577.44. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ning Zhang sold 17,347 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $119,000.42. Following the transaction, the vice president directly owned 630,109 shares of the company’s stock, valued at $4,322,547.74. The trade was a 2.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 45,558 shares of company stock worth $312,528.

Pony AI Stock Up 3.8%

Shares of PONY stock opened at $8.46 on Tuesday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -23.50 and a beta of 3.95. Pony AI Inc. – Sponsored ADR has a 52-week low of $6.36 and a 52-week high of $24.92. The company’s 50 day moving average is $7.66 and its 200 day moving average is $10.20.

Pony AI (NASDAQ:PONY) last posted its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%.The company had revenue of $34.25 million during the quarter, compared to analyst estimates of $22.30 million. Analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on PONY shares. Weiss Ratings downgraded shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. The Goldman Sachs Group set a $30.00 price objective on Pony AI in a research note on Thursday, April 16th. Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. Finally, Macquarie Infrastructure restated an “outperform” rating and set a $24.00 price objective on shares of Pony AI in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.94.

Pony AI Company Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.