XTX Topco Ltd Boosts Holdings in SunCar Technology Group Inc. (NASDAQ:SDA)

XTX Topco Ltd raised its holdings in SunCar Technology Group Inc. (NASDAQ:SDA) by 17.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,389 shares of the company’s stock after buying an additional 4,616 shares during the quarter. XTX Topco Ltd’s holdings in SunCar Technology Group were worth $129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in shares of SunCar Technology Group during the 4th quarter worth about $69,000. Marshall Wace LLP purchased a new stake in shares of SunCar Technology Group during the 4th quarter worth about $100,000. Invesco Ltd. grew its holdings in shares of SunCar Technology Group by 33.6% during the 4th quarter. Invesco Ltd. now owns 43,851 shares of the company’s stock worth $423,000 after purchasing an additional 11,033 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of SunCar Technology Group by 42.7% during the 4th quarter. Geode Capital Management LLC now owns 34,865 shares of the company’s stock worth $336,000 after purchasing an additional 10,431 shares during the period. Hedge funds and other institutional investors own 0.26% of the company’s stock.

SunCar Technology Group Price Performance

SunCar Technology Group stock opened at $2.36 on Friday. SunCar Technology Group Inc. has a one year low of $2.12 and a one year high of $11.74. The stock’s 50 day moving average price is $2.46 and its 200 day moving average price is $3.58.

SunCar Technology Group (NASDAQ:SDA) last posted its earnings results on Wednesday, May 21st. The company reported ($0.03) EPS for the quarter. The firm had revenue of $102.60 million for the quarter. As a group, research analysts predict that SunCar Technology Group Inc. will post 0.11 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer started coverage on SunCar Technology Group in a report on Tuesday, June 10th. They set an “outperform” rating and a $3.50 target price for the company.

SunCar Technology Group Profile

SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.