1,200,000 Shares in Pony AI Inc. (NASDAQ:PONY) Purchased by Lingotto Investment Management LLP

Posted by Amy Steele on Feb 26th, 2025

Lingotto Investment Management LLP bought a new stake in Pony AI Inc. (NASDAQ:PONY – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,200,000 shares of the company’s stock, valued at approximately $17,220,000. Pony AI makes up approximately 0.5% of Lingotto Investment Management LLP’s holdings, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Pony AI in the 4th quarter worth about $281,000. Matthews International Capital Management LLC acquired a new position in Pony AI during the fourth quarter worth about $1,654,000. Finally, Neumann Advisory Hong Kong Ltd purchased a new stake in shares of Pony AI in the fourth quarter valued at about $14,808,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PONY shares. The Goldman Sachs Group began coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a “buy” rating and a $19.60 price objective for the company. Bank of America started coverage on Pony AI in a research report on Monday, December 23rd. They set a “buy” rating and a $18.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Pony AI in a research report on Tuesday, January 14th. They issued a “buy” rating and a $20.00 price objective on the stock.

Check Out Our Latest Stock Report on PONY

Pony AI Stock Down 9.5 %

NASDAQ:PONY opened at $17.09 on Wednesday. Pony AI Inc. has a 1-year low of $11.90 and a 1-year high of $23.88. The firm has a 50 day moving average price of $14.59.

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.