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WT Asset Management Ltd Invests $434,000 in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK)

ZEEKR Intelligent Technology logo with Auto/Tires/Trucks background

WT Asset Management Ltd purchased a new position in shares of ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,000 shares of the company's stock, valued at approximately $434,000. ZEEKR Intelligent Technology makes up 0.1% of WT Asset Management Ltd's investment portfolio, making the stock its 26th biggest position.

Several other large investors have also recently made changes to their positions in ZK. FMR LLC acquired a new stake in ZEEKR Intelligent Technology in the 4th quarter valued at about $106,036,000. Intel Corp purchased a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $71,785,000. Vanguard Group Inc. purchased a new stake in shares of ZEEKR Intelligent Technology in the fourth quarter valued at approximately $22,125,000. Renaissance Technologies LLC increased its holdings 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 valued at $14,332,000 after purchasing an additional 240,300 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in ZEEKR Intelligent Technology during the fourth quarter worth approximately $1,822,000.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered their price objective on ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th.

View Our Latest Stock Analysis on ZK

ZEEKR Intelligent Technology Trading Up 0.6%

ZEEKR Intelligent Technology stock traded up $0.15 during midday trading on Friday, hitting $25.89. 104,175 shares of the stock were exchanged, compared to its average volume of 773,336. The stock's 50-day simple moving average is $26.27 and its 200 day simple moving average is $25.79. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a fifty-two week low of $13.00 and a fifty-two week high of $33.32. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of -8.90 and a beta of 0.03.

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

ZEEKR Intelligent Technology Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ZEEKR Intelligent Technology (NYSE:ZK)

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