Jane Street Group LLC Purchases Shares of 172,371 ECARX Holdings Inc. (NASDAQ:ECX)

Jane Street Group LLC bought a new position in shares of ECARX Holdings Inc. (NASDAQ:ECX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 172,371 shares of the company's stock, valued at approximately $364,000. Jane Street Group LLC owned 0.05% of ECARX as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of ECARX during the 4th quarter worth approximately $630,000. Barclays PLC bought a new position in ECARX in the fourth quarter valued at $348,000. Virtu Financial LLC acquired a new stake in ECARX in the 4th quarter valued at $319,000. Marshall Wace LLP bought a new position in shares of ECARX in the 4th quarter valued at about $245,000. Finally, Northern Trust Corp increased its position in shares of 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.

ECARX Price Performance

ECX stock traded down $0.08 during midday trading on Thursday, reaching $1.63. 361,534 shares of the company were exchanged, compared to its average volume of 1,900,806. ECARX Holdings Inc. has a one year low of $0.76 and a one year high of $3.25. The firm has a market capitalization of $602.44 million, a price-to-earnings ratio of -3.27 and a beta of 0.47. The business has a 50-day moving average price of $1.30 and a two-hundred day moving average price of $1.79.

ECARX (NASDAQ:ECX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The business had revenue of $168.40 million for the quarter, compared to analysts' expectations of $154.18 million. As a group, analysts anticipate that ECARX Holdings Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, UBS Group began coverage on ECARX in a research note on Tuesday, February 11th. They set a "buy" rating and a $3.20 price objective on the stock.

ECARX Company 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.