SG Americas Securities LLC acquired a new stake in shares of ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,500 shares of the company's stock, valued at approximately $687,000.
Other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in ZEEKR Intelligent Technology in the fourth quarter worth about $86,000. JPMorgan Chase & Co. purchased a new position in shares of ZEEKR Intelligent Technology in the 4th quarter valued at approximately $145,000. Envestnet Asset Management Inc. acquired a new stake in ZEEKR Intelligent Technology in the 4th quarter worth approximately $202,000. Wells Fargo & Company MN purchased a new stake in ZEEKR Intelligent Technology during the 4th quarter worth approximately $217,000. Finally, Franklin Resources Inc. acquired a new position in ZEEKR Intelligent Technology during the 4th quarter valued at approximately $244,000.
Analyst Upgrades and Downgrades
Separately, Macquarie lowered their price objective on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th.
Check Out Our Latest Research Report on ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Price Performance
ZK traded up $0.50 during trading on Tuesday, reaching $26.50. 408,982 shares of the company's stock were exchanged, compared to its average volume of 775,038. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a 1 year low of $13.00 and a 1 year high of $33.32. The company's fifty day simple moving average is $25.11 and its 200-day simple moving average is $25.89. The stock has a market capitalization of $6.74 billion and a P/E ratio of -9.11.
ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.39) earnings per share for the quarter, beating analysts' consensus estimates of ($5.08) by $4.69. The company had revenue of $3.03 billion for the quarter. Equities analysts forecast that ZEEKR Intelligent Technology Holding Limited Unsponsored ADR will post -1.76 EPS for the current year.
About ZEEKR Intelligent Technology
(
Free Report)
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.
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