ZEEKR Intelligent Technology (NYSE:ZK) Cut to Hold at Wall Street Zen

Key Points

• ZEEKR Intelligent Technology has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in investor sentiment.
• The company currently holds a consensus rating of "Hold" with an average price target of $38.00, with a mix of buy and sell ratings from analysts.
• Institutional investors have recently shown significant interest in ZEEKR, with Brooklyn Investment Group boosting its holdings by over 2,000% in the first quarter.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of ZEEKR Intelligent Technology in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.00.

ZEEKR Intelligent Technology Stock Up 1.6%

Shares of ZK stock opened at $30.14 on Friday. The company has a 50 day moving average of $29.60 and a 200-day moving average of $27.26. ZEEKR Intelligent Technology has a 12-month low of $17.91 and a 12-month high of $33.32. The firm has a market cap of $7.72 billion, a P/E ratio of -16.65 and a beta of 0.10.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group grew its position in shares of ZEEKR Intelligent Technology by 2,014.8% during the 1st quarter. Brooklyn Investment Group now owns 1,290 shares of the company's stock valued at $31,000 after purchasing an additional 1,229 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of ZEEKR Intelligent Technology during the 1st quarter valued at $44,000. XTX Topco Ltd purchased a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at $216,000. Catalyst Funds Management Pty Ltd purchased a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at $225,000. Finally, Tidal Investments LLC purchased a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at $227,000.

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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