Goldman Sachs Group Inc. Lowers Stake in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR $ZK

Key Points

• Goldman Sachs Group Inc. cut its stake in ZEEKR Intelligent Technology Holding Limited by 49.9%, selling nearly 29,200 shares, leaving them with about 29,300 shares valued at $706,000.
• Millennium Management LLC significantly increased its position in ZEEKR by 248.1%, acquiring an additional 190,126 shares, elevating their holdings to a total of 266,748 shares worth approximately $6.43 million.
• Analysts have adjusted price targets for ZEEKR, with Macquarie lowering theirs from $47.00 to $38.00, while the stock holds an average rating of "Buy" and a consensus price target of $34.87.

Goldman Sachs Group Inc. lessened its holdings in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) by 49.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,303 shares of the company's stock after selling 29,199 shares during the quarter. Goldman Sachs Group Inc.'s holdings in ZEEKR Intelligent Technology were worth $706,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its position in shares of ZEEKR Intelligent Technology by 248.1% in the 1st quarter. Millennium Management LLC now owns 266,748 shares of the company's stock worth $6,426,000 after purchasing an additional 190,126 shares in the last quarter. Vanguard Group Inc. boosted its holdings in ZEEKR Intelligent Technology by 5.3% in the first quarter. Vanguard Group Inc. now owns 821,105 shares of the company's stock worth $19,780,000 after acquiring an additional 41,518 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of ZEEKR Intelligent Technology in the first quarter worth $687,000. WT Asset Management Ltd purchased a new stake in shares of ZEEKR Intelligent Technology in the first quarter worth $434,000. Finally, Krane Funds Advisors LLC bought a new position in shares of ZEEKR Intelligent Technology during the first quarter valued at $418,000.

ZEEKR Intelligent Technology Trading Down 0.4%

Shares of ZK stock opened at $28.77 on Thursday. The stock has a market capitalization of $7.37 billion, a P/E ratio of -15.89 and a beta of 0.09. The firm's 50 day moving average is $29.41 and its 200 day moving average is $26.74. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a 12-month low of $16.95 and a 12-month high of $33.32.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ZK shares. Macquarie dropped their price target on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Wall Street Zen raised shares of ZEEKR Intelligent Technology to a "hold" rating in a report on Saturday, September 20th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ZEEKR Intelligent Technology has an average rating of "Buy" and a consensus price target of $34.87.

ZEEKR Intelligent Technology Profile

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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