Point72 Asset Management L.P. Reduces Stock Holdings in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Point72 Asset Management L.P. cut its position in shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) by 52.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,192 shares of the company's stock after selling 344,965 shares during the period. Point72 Asset Management L.P. owned about 0.13% of ZEEKR Intelligent Technology worth $9,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC bought a new position in shares of ZEEKR Intelligent Technology in the 4th quarter worth $106,036,000. Intel Corp bought a new position in shares of ZEEKR Intelligent Technology in the 4th quarter worth $71,785,000. Vanguard Group Inc. bought a new position in shares of ZEEKR Intelligent Technology in the 4th quarter worth $22,125,000. Renaissance Technologies LLC raised its position in shares of ZEEKR Intelligent Technology by 90.8% in the 4th quarter. Renaissance Technologies LLC now owns 505,000 shares of the company's stock worth $14,332,000 after acquiring an additional 240,300 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of ZEEKR Intelligent Technology in the 4th quarter worth $1,822,000.

ZEEKR Intelligent Technology Trading Down 0.4%

Shares of ZK traded down $0.13 during trading hours on Friday, hitting $29.27. The company had a trading volume of 565,060 shares, compared to its average volume of 782,984. The company has a market capitalization of $7.44 billion and a PE ratio of -10.06. ZEEKR Intelligent Technology Holding Limited has a one year low of $13.00 and a one year high of $33.32. The company's fifty day moving average price is $23.72 and its two-hundred day moving average price is $25.50.

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 the consensus estimate of ($5.08) by $4.69. The company had revenue of $3.03 billion during the quarter. Analysts forecast that ZEEKR Intelligent Technology Holding Limited will post -1.76 earnings per share for the current 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.