Deutsche Bank AG Makes New Investment in ECARX Holdings, Inc. $ECX

Deutsche Bank AG acquired a new stake in ECARX Holdings, Inc. (NASDAQ:ECX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,954,051 shares of the company’s stock, valued at approximately $3,722,000. Deutsche Bank AG owned approximately 0.80% of ECARX at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd raised its stake in ECARX by 329.8% in the first quarter. XTX Topco Ltd now owns 105,342 shares of the company’s stock valued at $133,000 after buying an additional 80,833 shares in the last quarter. Valliance Asset Management Ltd acquired a new stake in ECARX in the first quarter valued at $2,252,000. Infini Capital Management Ltd acquired a new stake in ECARX in the first quarter valued at $2,005,000. Millennium Management LLC acquired a new stake in ECARX in the fourth quarter valued at $207,000. Finally, Citadel Advisors LLC acquired a new stake in ECARX in the fourth quarter valued at $68,000.

ECARX Price Performance

Shares of NASDAQ:ECX opened at $1.65 on Tuesday. The business’s 50 day simple moving average is $1.77 and its 200-day simple moving average is $1.75. The firm has a market capitalization of $611.70 million, a price-to-earnings ratio of -4.71 and a beta of 0.66. ECARX Holdings, Inc. has a 12 month low of $0.76 and a 12 month high of $3.25.

Analysts Set New Price Targets

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

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.