Bank of America Corp DE trimmed its stake in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) by 82.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,997 shares of the company's stock after selling 50,372 shares during the quarter. Bank of America Corp DE's holdings in ZEEKR Intelligent Technology were worth $312,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in ZK. Quantbot Technologies LP purchased a new position in ZEEKR Intelligent Technology during the fourth quarter valued at approximately $86,000. JPMorgan Chase & Co. bought a new stake in shares of ZEEKR Intelligent Technology in the 4th quarter worth approximately $145,000. Envestnet Asset Management Inc. bought a new stake in ZEEKR Intelligent Technology during the 4th quarter valued at $202,000. Wells Fargo & Company MN bought a new stake in ZEEKR Intelligent Technology during the 4th quarter valued at $217,000. Finally, Franklin Resources Inc. purchased a new position in ZEEKR Intelligent Technology during the 4th quarter valued at $244,000.
ZEEKR Intelligent Technology Trading Down 1.4%
ZEEKR Intelligent Technology stock traded down $0.37 during midday trading on Friday, hitting $25.93. The stock had a trading volume of 396,401 shares, compared to its average volume of 773,480. The firm's fifty day moving average is $24.43 and its two-hundred day moving average is $25.79. The company has a market capitalization of $6.59 billion and a PE ratio of -8.91. ZEEKR Intelligent Technology Holding Limited has a 52-week low of $13.00 and a 52-week high of $33.32.
ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($5.08) by $4.69. The company had revenue of $3.03 billion for the quarter. As a group, equities research analysts predict that ZEEKR Intelligent Technology Holding Limited will post -1.76 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Macquarie reduced their price objective on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th.
View Our Latest Research Report on ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Company 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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