Invesco Ltd. boosted its position in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) by 74.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,201 shares of the company's stock after purchasing an additional 14,594 shares during the quarter. Invesco Ltd.'s holdings in ZEEKR Intelligent Technology were worth $824,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in ZK. BNP Paribas Financial Markets bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at $1,822,000. Vanguard Group Inc. lifted its position in shares of ZEEKR Intelligent Technology by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 821,105 shares of the company's stock valued at $19,780,000 after acquiring an additional 41,518 shares during the period. SG Americas Securities LLC bought a new stake in shares of ZEEKR Intelligent Technology during the 1st quarter valued at $687,000. WT Asset Management Ltd bought a new stake in shares of ZEEKR Intelligent Technology during the 1st quarter valued at $434,000. Finally, Krane Funds Advisors LLC bought a new stake in shares of ZEEKR Intelligent Technology during the 1st quarter valued at $418,000.
ZEEKR Intelligent Technology Trading Up 1.9%
ZK traded up $0.55 on Friday, reaching $29.03. The stock had a trading volume of 726,577 shares, compared to its average volume of 797,996. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a fifty-two week low of $15.12 and a fifty-two week high of $33.32. The firm has a 50-day moving average of $28.69 and a 200-day moving average of $26.46. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of -16.04 and a beta of 0.09.
Wall Street Analysts Forecast Growth
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 research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $34.87.
Check Out Our Latest 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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