Millennium Management LLC Sells 554,726 Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Millennium Management LLC lowered its position in shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) by 87.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,622 shares of the company's stock after selling 554,726 shares during the period. Millennium Management LLC's holdings in ZEEKR Intelligent Technology were worth $2,175,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC purchased a new position in shares of ZEEKR Intelligent Technology in the 4th quarter worth $106,036,000. Intel Corp bought a new position in ZEEKR Intelligent Technology in the fourth quarter valued at about $71,785,000. Vanguard Group Inc. purchased a new position in ZEEKR Intelligent Technology in the fourth quarter worth about $22,125,000. Renaissance Technologies LLC grew its stake in shares of ZEEKR Intelligent Technology by 90.8% during the 4th quarter. Renaissance Technologies LLC now owns 505,000 shares of the company's stock valued at $14,332,000 after purchasing an additional 240,300 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at about $1,822,000.

ZEEKR Intelligent Technology Stock Performance

Shares of ZEEKR Intelligent Technology stock traded down $0.07 during trading hours on Thursday, hitting $26.73. The company's stock had a trading volume of 351,266 shares, compared to its average volume of 777,905. The business has a 50 day moving average price of $23.88 and a two-hundred day moving average price of $25.59. ZEEKR Intelligent Technology Holding Limited has a 12-month low of $13.00 and a 12-month high of $33.32. The company has a market cap of $6.79 billion and a PE ratio of -9.19.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.08) by $4.69. The firm had revenue of $3.03 billion during the quarter. As a group, research analysts anticipate that ZEEKR Intelligent Technology Holding Limited will post -1.76 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Macquarie dropped their price objective on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, ZEEKR Intelligent Technology currently has a consensus rating of "Buy" and an average target price of $32.63.

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.