Hhlr Advisors LTD. Acquires Shares of 400,000 ECARX Holdings, Inc. $ECX

Key Points

• Hhlr Advisors LTD. has acquired 400,000 shares of ECARX Holdings, Inc. for approximately $504,000, representing about 0.11% of the company's total shares.
• Other hedge funds have also made notable acquisitions in ECARX, including XTX Topco Ltd. increasing its position by 329.8% in the first quarter.
• ECARX has a consensus rating of "Buy" from analysts, despite a recent downgrade by one firm, with a target price set at $3.20.

Hhlr Advisors LTD. acquired a new position in ECARX Holdings, Inc. (NASDAQ:ECX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 400,000 shares of the company's stock, valued at approximately $504,000. Hhlr Advisors LTD. owned approximately 0.11% of ECARX as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in shares of ECARX in the 4th quarter valued at about $32,000. Citadel Advisors LLC bought a new position in shares of ECARX during the 4th quarter valued at approximately $68,000. XTX Topco Ltd increased its position in shares of ECARX by 329.8% during the 1st quarter. XTX Topco Ltd now owns 105,342 shares of the company's stock valued at $133,000 after purchasing an additional 80,833 shares during the last quarter. MYDA Advisors LLC purchased a new stake in ECARX during the 1st quarter valued at $164,000. Finally, Northern Trust Corp lifted 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 buying an additional 41,568 shares during the last quarter.

ECARX Stock Up 2.5%

Shares of ECARX stock opened at $1.62 on Monday. The stock's fifty day moving average is $1.75 and its two-hundred day moving average is $1.73. ECARX Holdings, Inc. has a 52 week low of $0.76 and a 52 week high of $3.25. The company has a market capitalization of $600.58 million, a PE ratio of -4.50 and a beta of 0.66.

ECARX (NASDAQ:ECX - Get Free Report) last released its earnings results on Tuesday, August 26th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $155.30 million during the quarter, compared to analyst estimates of $223.92 million. As a group, research analysts anticipate that ECARX Holdings, Inc. will post -0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of ECARX from a "hold" rating to a "sell" rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, ECARX currently has a consensus rating of "Buy" and a consensus 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.

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