Wall Street Zen Upgrades ZEEKR Intelligent Technology (NYSE:ZK) to "Buy"

Key Points

• Wall Street Zen has upgraded ZEEKR Intelligent Technology (NYSE:ZK) from a "hold" to a "buy" rating, indicating a positive outlook for the company's stock.
• The company has a market capitalization of $7.37 billion and recently opened at a share price of $28.77, with a 12-month range between $17.91 and $33.32.
• Hedge funds have shown increased interest, with significant new stakes being purchased by firms such as Nomura Holdings and Man Group plc.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday.

ZEEKR Intelligent Technology Price Performance

Shares of NYSE ZK opened at $28.77 on Friday. ZEEKR Intelligent Technology has a 12-month low of $17.91 and a 12-month high of $33.32. The firm's 50-day moving average is $29.36 and its two-hundred day moving average is $26.69. The company has a market capitalization of $7.37 billion, a PE ratio of -15.90 and a beta of 0.09.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

Hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth $2,550,000. MASO CAPITAL PARTNERS Ltd bought a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth about $2,205,000. Tidal Investments LLC bought a new stake in ZEEKR Intelligent Technology in the second quarter valued at approximately $227,000. Man Group plc boosted its holdings in ZEEKR Intelligent Technology by 589.6% in the second quarter. Man Group plc now owns 152,201 shares of the company's stock valued at $3,881,000 after acquiring an additional 130,129 shares during the last quarter. Finally, LMR Partners LLP bought a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter worth approximately $944,000.

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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