Bank of America Corp DE reduced its stake in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) by 82.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,997 shares of the company's stock after selling 50,372 shares during the period. Bank of America Corp DE's holdings in ZEEKR Intelligent Technology were worth $312,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in ZK. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of ZEEKR Intelligent Technology during the 4th quarter worth $383,000. Oppenheimer & Co. Inc. purchased a new stake in ZEEKR Intelligent Technology in the fourth quarter worth about $910,000. Charles Schwab Investment Management Inc. bought a new position in ZEEKR Intelligent Technology during the 4th quarter worth about $589,000. Quantbot Technologies LP bought a new position in ZEEKR Intelligent Technology during the 4th quarter worth about $86,000. Finally, Vanguard Group Inc. purchased a new position in ZEEKR Intelligent Technology during the 4th quarter valued at about $22,125,000.
Wall Street Analyst Weigh In
Separately, Macquarie lowered their price target on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th.
Get Our Latest Analysis on ZK
ZEEKR Intelligent Technology Trading Down 0.1%
Shares of ZK traded down $0.04 during trading hours on Tuesday, hitting $26.11. The company had a trading volume of 325,376 shares, compared to its average volume of 773,076. The company has a market capitalization of $6.64 billion and a PE ratio of -8.97. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a one year low of $13.00 and a one year high of $33.32. The company's fifty day moving average price is $24.69 and its two-hundred day moving average price is $25.86.
ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.08) by $4.69. The company had revenue of $3.03 billion during the quarter. Analysts forecast that ZEEKR Intelligent Technology Holding Limited Unsponsored ADR will post -1.76 earnings per share for the current year.
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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