Deutsche Bank AG Takes Position in ECARX Holdings, Inc. $ECX

Key Points

• Deutsche Bank AG has acquired a new stake in ECARX Holdings, Inc., purchasing 2,954,051 shares valued at approximately $3.72 million, representing about 0.80% ownership.
• Other hedge funds, including XTX Topco Ltd and Valliance Asset Management Ltd, have also significantly increased or initiated stakes in ECARX during the same quarter.
• Analysts have recently upgraded ECARX from a "sell" to a "hold" rating, reflecting a shift in sentiment towards the company's stock.

Deutsche Bank AG acquired a new position in ECARX Holdings, Inc. (NASDAQ:ECX - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Two Sigma Securities LLC purchased a new stake in shares of ECARX in the 4th quarter worth about $30,000. Tower Research Capital LLC TRC purchased a new position in ECARX in the 4th quarter valued at about $32,000. XTX Topco Ltd purchased a new position in ECARX in the 4th quarter valued at about $52,000. Citadel Advisors LLC purchased a new position in ECARX in the 4th quarter valued at about $68,000. Finally, Northern Trust Corp lifted its holdings 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 purchasing an additional 41,568 shares in the last quarter.

ECARX Trading Up 1.2%

Shares of NASDAQ ECX traded up $0.02 on Friday, reaching $1.67. 4,011,121 shares of the company traded hands, compared to its average volume of 3,290,880. ECARX Holdings, Inc. has a fifty-two week low of $0.7575 and a fifty-two week high of $3.25. The company has a 50 day moving average of $1.77 and a 200 day moving average of $1.74. The stock has a market capitalization of $619.12 million, a PE ratio of -4.77 and a beta of 0.66.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of ECARX from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $3.20.

About ECARX

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.