Robeco Schweiz AG Makes New $8.81 Million Investment in Pony AI Inc. (NASDAQ:PONY)

Robeco Schweiz AG bought a new stake in shares of Pony AI Inc. (NASDAQ:PONY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 614,000 shares of the company’s stock, valued at approximately $8,811,000. Robeco Schweiz AG owned 0.18% of Pony AI at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PONY. Mirae Asset Global Investments Co. Ltd. purchased a new position in Pony AI during the 4th quarter valued at $281,000. Matthews International Capital Management LLC purchased a new stake in shares of Pony AI during the fourth quarter valued at $1,654,000. Neumann Advisory Hong Kong Ltd bought a new position in shares of Pony AI in the fourth quarter worth about $14,808,000. Finally, Lingotto Investment Management LLP purchased a new position in Pony AI in the 4th quarter worth about $17,220,000.

Wall Street Analysts Forecast Growth

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

Pony AI Trading Up 3.1 %

NASDAQ PONY opened at $17.62 on Thursday. Pony AI Inc. has a one year low of $11.90 and a one year high of $23.88. The firm’s 50-day simple moving average is $14.69.

Pony AI Company Profile

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.