ZEEKR Intelligent Technology Holding Limited Unsponsored ADR $ZK Shares Sold by Renaissance Capital LLC

Key Points

• Renaissance Capital LLC reduced its stake in ZEEKR Intelligent Technology by 45.9% during the 2nd quarter, leaving it with 22,950 shares, valued at $585,000.
• Several institutions have recently changed their positions in ZEEKR, with Brooklyn Investment Group increasing its stake by 2,014.8% earlier this year.
• Wall Street Zen has upgraded ZEEKR Intelligent Technology from a "hold" rating to a "buy" rating, with an average price target of $34.87.

Renaissance Capital LLC lessened its stake in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK - Free Report) by 45.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,950 shares of the company's stock after selling 19,491 shares during the period. ZEEKR Intelligent Technology accounts for about 0.4% of Renaissance Capital LLC's holdings, making the stock its 27th biggest position. Renaissance Capital LLC's holdings in ZEEKR Intelligent Technology were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its position in ZEEKR Intelligent Technology by 2,014.8% in the 1st quarter. Brooklyn Investment Group now owns 1,290 shares of the company's stock valued at $31,000 after acquiring an additional 1,229 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in ZEEKR Intelligent Technology in the 1st quarter valued at approximately $44,000. Vontobel Holding Ltd. purchased a new stake in ZEEKR Intelligent Technology in the 1st quarter valued at approximately $269,000. Robeco Institutional Asset Management B.V. purchased a new stake in ZEEKR Intelligent Technology in the 1st quarter valued at approximately $398,000. Finally, Krane Funds Advisors LLC purchased a new stake in ZEEKR Intelligent Technology in the 1st quarter valued at approximately $418,000.

Analysts Set New Price Targets

Separately, Wall Street Zen raised ZEEKR Intelligent Technology from a "hold" rating to a "buy" rating in a report on Sunday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $34.87.

ZEEKR Intelligent Technology Stock Up 1.7%

Shares of ZEEKR Intelligent Technology stock opened at $29.30 on Tuesday. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a fifty-two week low of $17.91 and a fifty-two week high of $33.32. The firm has a market cap of $7.51 billion, a PE ratio of -16.19 and a beta of 0.08. The business's fifty day moving average is $29.37 and its two-hundred day moving average is $26.66.

ZEEKR Intelligent Technology Company Profile

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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