ZEEKR Intelligent Technology Holding Limited Unsponsored ADR $ZK Stock Holdings Lifted by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in ZEEKR Intelligent Technology by 5.3%, acquiring an additional 41,518 shares, bringing its total holdings to approximately 821,105 shares valued at $19.78 million.
• Several hedge funds have recently established new positions in ZEEKR, including JPMorgan Chase & Co. and Wells Fargo, indicating growing interest in the company.
• Macquarie has lowered its price target on ZEEKR shares from $47 to $38, while the stock currently holds a consensus rating of "Buy" with an average target price of $34.87.

Vanguard Group Inc. grew its holdings in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 821,105 shares of the company's stock after purchasing an additional 41,518 shares during the quarter. Vanguard Group Inc. owned 0.32% of ZEEKR Intelligent Technology worth $19,780,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Krane Funds Advisors LLC purchased a new position in ZEEKR Intelligent Technology in the first quarter valued at approximately $418,000. WT Asset Management Ltd acquired a new position in shares of ZEEKR Intelligent Technology in the 1st quarter valued at $434,000. Vontobel Holding Ltd. purchased a new position in shares of ZEEKR Intelligent Technology in the 1st quarter valued at $269,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of ZEEKR Intelligent Technology in the 1st quarter valued at $398,000. Finally, SG Americas Securities LLC acquired a new stake in ZEEKR Intelligent Technology during the 1st quarter worth $687,000.

ZEEKR Intelligent Technology Price Performance

ZEEKR Intelligent Technology stock traded up $0.20 during midday trading on Wednesday, hitting $28.72. 980,773 shares of the stock were exchanged, compared to its average volume of 645,627. The company has a 50 day moving average price of $28.55 and a two-hundred day moving average price of $26.39. The firm has a market cap of $7.30 billion, a P/E ratio of -15.86 and a beta of 0.09. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a 1 year low of $15.12 and a 1 year high of $33.32.

Wall Street Analysts Forecast Growth

Separately, Macquarie reduced their target price on ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, ZEEKR Intelligent Technology has a consensus rating of "Buy" and an average target price of $34.87.

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.