Invesco Ltd. raised its stake in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) by 74.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 34,201 shares of the company's stock after buying an additional 14,594 shares during the quarter. Invesco Ltd.'s holdings in ZEEKR Intelligent Technology were worth $824,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in ZEEKR Intelligent Technology by 23.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,549 shares of the company's stock valued at $615,000 after buying an additional 4,811 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in ZEEKR Intelligent Technology in the fourth quarter valued at $202,000. Wells Fargo & Company MN bought a new stake in ZEEKR Intelligent Technology in the fourth quarter valued at $217,000. Tudor Investment Corp ET AL bought a new stake in ZEEKR Intelligent Technology in the fourth quarter valued at $255,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of ZEEKR Intelligent Technology during the first quarter valued at $269,000.
Analyst Upgrades and Downgrades
Separately, Macquarie lowered their price target on ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ZEEKR Intelligent Technology presently has an average rating of "Buy" and a consensus target price of $34.87.
Get Our Latest Analysis on ZK
ZEEKR Intelligent Technology Trading Up 3.6%
NYSE:ZK traded up $1.02 during mid-day trading on Tuesday, reaching $29.68. 884,300 shares of the stock were exchanged, compared to its average volume of 844,863. The business has a fifty day moving average price of $28.84 and a 200 day moving average price of $26.52. The firm has a market capitalization of $7.60 billion, a PE ratio of -16.40 and a beta of 0.09. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a 1-year low of $15.12 and a 1-year high of $33.32.
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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