State Street Corp Increases Stake in SunCar Technology Group Inc. (NASDAQ:SDA)

State Street Corp grew its position in SunCar Technology Group Inc. (NASDAQ:SDA) by 33.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,461 shares of the company’s stock after purchasing an additional 3,877 shares during the period. State Street Corp’s holdings in SunCar Technology Group were worth $170,000 at the end of the most recent quarter.

Separately, XTX Topco Ltd increased its stake in SunCar Technology Group by 24.6% in the 2nd quarter. XTX Topco Ltd now owns 18,186 shares of the company’s stock worth $166,000 after buying an additional 3,596 shares during the period. Institutional investors own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on shares of SunCar Technology Group in a research note on Monday, December 30th. They issued a “buy” rating and a $12.00 price target on the stock.

SunCar Technology Group Stock Up 1.2 %

SDA stock opened at $9.12 on Friday. SunCar Technology Group Inc. has a 12 month low of $5.71 and a 12 month high of $11.74. The firm’s 50-day moving average is $9.57 and its 200 day moving average is $9.55.

SunCar Technology Group Company Profile

SunCar Technology Group Inc, through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business.