WT Asset Management Ltd purchased a new position in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 18,000 shares of the company's stock, valued at approximately $434,000. ZEEKR Intelligent Technology accounts for 0.1% of WT Asset Management Ltd's portfolio, making the stock its 26th largest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of ZEEKR Intelligent Technology in the 4th quarter worth approximately $86,000. JPMorgan Chase & Co. bought a new position in shares of ZEEKR Intelligent Technology in the fourth quarter valued at $145,000. Envestnet Asset Management Inc. acquired a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at $202,000. Wells Fargo & Company MN bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter worth $217,000. Finally, Franklin Resources Inc. acquired a new position in shares of ZEEKR Intelligent Technology in the 4th quarter worth $244,000.
ZEEKR Intelligent Technology Stock Performance
Shares of NYSE:ZK traded up $0.15 during mid-day trading on Thursday, hitting $25.89. The stock had a trading volume of 104,175 shares, compared to its average volume of 682,830. The company's 50 day moving average is $26.06 and its 200-day moving average is $25.81. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a 12-month low of $13.00 and a 12-month high of $33.32. The company has a market cap of $6.58 billion, a PE 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 business had revenue of $3.03 billion for the quarter. On average, equities research analysts predict that ZEEKR Intelligent Technology Holding Limited Unsponsored ADR will post -1.76 EPS for the current fiscal year.
Analyst Ratings Changes
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.
View Our Latest Analysis on ZK
About ZEEKR Intelligent Technology
(
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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