Jane Street Group LLC Makes New $364,000 Investment in ECARX Holdings Inc. (NASDAQ:ECX)

Jane Street Group LLC acquired a new stake in shares of ECARX Holdings Inc. (NASDAQ:ECX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in ECARX in the fourth quarter worth about $630,000. Barclays PLC bought a new stake in ECARX in the fourth quarter worth about $348,000. Virtu Financial LLC bought a new stake in ECARX in the fourth quarter worth about $319,000. Marshall Wace LLP bought a new stake in ECARX in the fourth quarter worth about $245,000. Finally, Northern Trust Corp raised its position in ECARX by 103.8% in the fourth quarter. Northern Trust Corp now owns 81,616 shares of the company's stock worth $172,000 after acquiring an additional 41,568 shares during the period.

ECARX Trading Down 6.5%

Shares of ECX stock traded down $0.11 during trading on Thursday, reaching $1.59. 1,833,957 shares of the company's stock traded hands, compared to its average volume of 1,913,676. The company has a market capitalization of $589.46 million, a P/E ratio of -3.18 and a beta of 0.47. The firm's 50-day moving average is $1.31 and its 200 day moving average is $1.79. ECARX Holdings Inc. has a 1 year low of $0.76 and a 1 year high of $3.25.

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

Analysts Set New Price Targets

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