Man Group plc Decreases Position in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Man Group plc lowered its holdings 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 Form 13F filing with the SEC. The institutional investor owned 8,355 shares of the company's stock after selling 9,205 shares during the quarter. Man Group plc's holdings in ZEEKR Intelligent Technology were worth $237,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ZK. FMR LLC bought a new position in ZEEKR Intelligent Technology during the fourth quarter worth about $106,036,000. Intel Corp bought a new position in shares of ZEEKR Intelligent Technology during the 4th quarter worth approximately $71,785,000. Vanguard Group Inc. acquired a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $22,125,000. Renaissance Technologies LLC lifted its position in shares of 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 in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in ZEEKR Intelligent Technology during the fourth quarter worth $1,822,000.

ZEEKR Intelligent Technology Stock Up 0.8%

ZEEKR Intelligent Technology stock traded up $0.22 during trading hours on Thursday, hitting $26.52. The stock had a trading volume of 658,042 shares, compared to its average volume of 780,497. The stock has a market cap of $6.74 billion and a price-to-earnings ratio of -9.11. The business's 50 day simple moving average is $23.76 and its 200-day simple moving average is $25.55. ZEEKR Intelligent Technology Holding Limited has a one year low of $13.00 and a one year high of $33.32.

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 for the quarter, topping the consensus estimate of ($5.08) by $4.69. The business had revenue of $3.03 billion during the quarter. Research analysts anticipate that ZEEKR Intelligent Technology Holding Limited will post -1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie reduced their price target on 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 data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $32.86.

About ZEEKR Intelligent Technology

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.