Krane Funds Advisors LLC Takes $418,000 Position in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK)

Krane Funds Advisors LLC purchased a new position in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,344 shares of the company's stock, valued at approximately $418,000.

Several other hedge funds have also made changes to their positions in ZK. FMR LLC acquired a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $106,036,000. Intel Corp acquired a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter valued at $71,785,000. Vanguard Group Inc. acquired a new stake in ZEEKR Intelligent Technology in the fourth quarter worth about $22,125,000. Renaissance Technologies LLC increased its position in ZEEKR Intelligent Technology by 90.8% in the fourth quarter. Renaissance Technologies LLC now owns 505,000 shares of the company's stock worth $14,332,000 after purchasing an additional 240,300 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in ZEEKR Intelligent Technology during the fourth quarter worth about $1,822,000.

Analyst Ratings Changes

Separately, Macquarie cut their price objective on ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th.

ZEEKR Intelligent Technology Price Performance

NYSE ZK traded up $0.15 on Friday, reaching $25.89. The stock had a trading volume of 104,175 shares, compared to its average volume of 773,681. The firm has a fifty day moving average of $26.27 and a two-hundred day moving average of $25.78. 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 has a market cap of $6.58 billion, a P/E ratio of -8.90 and a beta of 0.03.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($5.08) by $4.69. The company had revenue of $3.03 billion for the quarter. Research analysts predict that ZEEKR Intelligent Technology Holding Limited Unsponsored ADR will post -1.76 EPS for the current fiscal year.

ZEEKR Intelligent Technology Company 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.