Man Group plc reduced its position in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,355 shares of the company's stock after selling 9,205 shares during the period. Man Group plc's holdings in ZEEKR Intelligent Technology were worth $237,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in ZEEKR Intelligent Technology during the fourth quarter valued at $86,000. JPMorgan Chase & Co. bought a new position in shares of ZEEKR Intelligent Technology in the fourth quarter worth $145,000. Envestnet Asset Management Inc. purchased a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter worth $202,000. Wells Fargo & Company MN purchased a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter worth $217,000. Finally, Franklin Resources Inc. bought a new stake in ZEEKR Intelligent Technology during the fourth quarter valued at $244,000.
ZEEKR Intelligent Technology Price Performance
Shares of ZK stock traded down $0.33 during mid-day trading on Friday, hitting $26.26. The company had a trading volume of 443,755 shares, compared to its average volume of 781,260. ZEEKR Intelligent Technology Holding Limited has a 52-week low of $13.00 and a 52-week high of $33.32. The stock's 50 day moving average price is $23.77 and its 200-day moving average price is $25.53. The company has a market capitalization of $6.68 billion and a P/E ratio of -9.02.
ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.39) EPS for the quarter, topping analysts' consensus estimates of ($5.08) by $4.69. The firm had revenue of $3.03 billion for the quarter. On average, equities research analysts expect that ZEEKR Intelligent Technology Holding Limited will post -1.76 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Macquarie dropped 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 report on Wednesday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $32.86.
Check Out Our Latest Stock Analysis on ZK
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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