Legal & General Group Plc Invests $2.34 Million in ECARX Holdings, Inc. $ECX

Legal & General Group Plc acquired a new position in shares of ECARX Holdings, Inc. (NASDAQ:ECX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,139,210 shares of the company’s stock, valued at approximately $2,341,000. Legal & General Group Plc owned approximately 0.31% of ECARX as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd boosted 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 acquiring an additional 80,833 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of ECARX during the 1st quarter valued at $3,722,000. Invesco Ltd. purchased a new stake in shares of ECARX during the 1st quarter valued at $302,000. MYDA Advisors LLC acquired a new stake in shares of ECARX in the 1st quarter worth $164,000. Finally, Ghisallo Capital Management LLC acquired a new stake in shares of ECARX in the 1st quarter worth $441,000.

ECARX Price Performance

Shares of ECX opened at $2.10 on Monday. The company’s fifty day moving average price is $2.13 and its 200-day moving average price is $1.88. ECARX Holdings, Inc. has a 1-year low of $0.76 and a 1-year high of $3.25. The firm has a market capitalization of $778.53 million, a PE ratio of -9.55 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen raised ECARX from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of ECARX in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, ECARX has an average rating of “Hold” and an average price target 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.