SG Americas Securities LLC purchased a new position in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,500 shares of the company's stock, valued at approximately $687,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $86,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $768,000. BNP Paribas Financial Markets acquired a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $1,822,000. Wells Fargo & Company MN acquired a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $217,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of ZEEKR Intelligent Technology during the 4th quarter worth about $145,000.
ZEEKR Intelligent Technology Price Performance
Shares of NYSE ZK traded up $0.03 during trading hours on Friday, hitting $25.98. 933,309 shares of the company's stock were exchanged, compared to its average volume of 778,061. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a 1-year low of $13.00 and a 1-year high of $33.32. The stock has a market capitalization of $6.60 billion and a price-to-earnings ratio of -8.93. The company's 50-day moving average price is $25.02 and its 200-day moving average price is $25.89.
ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($5.08) by $4.69. The business had revenue of $3.03 billion for the quarter. On average, research analysts expect that ZEEKR Intelligent Technology Holding Limited Unsponsored ADR will post -1.76 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Macquarie cut their price objective on ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th.
Check Out Our Latest Analysis on ZK
ZEEKR Intelligent Technology Profile
(
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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