XTX Topco Ltd Increases Holdings in ECARX Holdings, Inc. (NASDAQ:ECX)

XTX Topco Ltd lifted its position in shares of ECARX Holdings, Inc. (NASDAQ:ECX) by 329.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,342 shares of the company’s stock after acquiring an additional 80,833 shares during the quarter. XTX Topco Ltd’s holdings in ECARX were worth $133,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC purchased a new stake in ECARX in the 4th quarter valued at approximately $364,000. Northern Trust Corp lifted its stake in ECARX by 103.8% in the 4th quarter. Northern Trust Corp now owns 81,616 shares of the company’s stock valued at $172,000 after buying an additional 41,568 shares in the last quarter. Citadel Advisors LLC purchased a new stake in ECARX in the 4th quarter valued at approximately $68,000. Barclays PLC purchased a new stake in ECARX in the 4th quarter valued at approximately $348,000. Finally, Millennium Management LLC purchased a new stake in ECARX in the 4th quarter valued at approximately $207,000.

Analyst Ratings Changes

Separately, Wall Street Zen raised ECARX from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th.

ECARX Stock Down 3.6%

Shares of ECARX stock opened at $1.59 on Friday. ECARX Holdings, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $3.25. The firm has a market cap of $589.46 million, a PE ratio of -4.54 and a beta of 0.66. The business’s fifty day moving average is $1.77 and its two-hundred day moving average is $1.74.

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.