172,371 Shares in ECARX Holdings Inc. (NASDAQ:ECX) Bought by Jane Street Group LLC

Jane Street Group LLC bought a new position in shares of ECARX Holdings Inc. (NASDAQ:ECX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 172,371 shares of the company’s stock, valued at approximately $364,000. Jane Street Group LLC owned about 0.05% of ECARX at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Two Sigma Securities LLC acquired a new stake in ECARX in the fourth quarter valued at $30,000. Tower Research Capital LLC TRC acquired a new stake in ECARX in the fourth quarter valued at $32,000. XTX Topco Ltd acquired a new stake in ECARX in the fourth quarter valued at $52,000. Northern Trust Corp lifted its stake in ECARX by 103.8% in the fourth quarter. Northern Trust Corp now owns 81,616 shares of the company’s stock valued at $172,000 after acquiring an additional 41,568 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in ECARX in the fourth quarter valued at $245,000.

ECARX Stock Performance

NASDAQ ECX opened at $1.54 on Monday. The firm has a 50-day moving average of $1.33 and a 200-day moving average of $1.80. The stock has a market cap of $570.92 million, a PE ratio of -3.08 and a beta of 0.47. ECARX Holdings Inc. has a 52-week low of $0.76 and a 52-week high of $3.25.

ECARX (NASDAQ:ECX) last posted its earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The firm had revenue of $168.40 million for the quarter, compared to the consensus estimate of $154.18 million. As a group, analysts predict that ECARX Holdings Inc. will post -0.42 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, UBS Group initiated coverage on shares of ECARX in a research note on Tuesday, February 11th. They issued a “buy” rating and a $3.20 price target for the company.

ECARX Profile

ECARX Holdings Inc develops a full stack automotive computing platform to shape the interaction between people and cars by rapidly advancing the technology by smart mobility worldwide. It offers system on chips, central computing platforms, operating systems, and software. Its core products include infotainment head units, digital cockpits, vehicle chip-set solutions, core operating system, and integrated software stack.