Vanguard Group Inc. Has $19.78 Million Stock Position in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR $ZK

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. boosted its position in shares of ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) by 5.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 821,105 shares of the company's stock after buying an additional 41,518 shares during the quarter. Vanguard Group Inc. owned approximately 0.32% of ZEEKR Intelligent Technology worth $19,780,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Separately, Macquarie dropped their price objective 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $34.87.

ZEEKR Intelligent Technology Price Performance

Shares of ZEEKR Intelligent Technology stock traded down $0.36 on Thursday, hitting $28.49. The company had a trading volume of 669,675 shares, compared to its average volume of 774,025. The firm has a market capitalization of $7.24 billion, a P/E ratio of -15.74 and a beta of 0.09. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a twelve month low of $15.12 and a twelve month high of $33.32. The stock has a 50-day moving average of $28.64 and a 200-day moving average of $26.42.

ZEEKR Intelligent Technology 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.