ZEEKR Intelligent Technology (NYSE:ZK) Given "Sell (E+)" Rating at Weiss Ratings

Key Points

• ZEEKR Intelligent Technology has received a "Sell (E+)" rating from Weiss Ratings, while Wall Street Zen upgraded it to a "Buy" rating.
• The stock's average price target is set at $34.87 with recent trading showing a price increase to $30.22.
• Institutional investors have significantly increased their stakes in ZEEKR, with some funds raising their positions by over 2,000%.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by equities research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of ZEEKR Intelligent Technology from a "hold" rating to a "buy" rating in a report on Sunday, September 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $34.87.

ZEEKR Intelligent Technology Trading Up 1.9%

Shares of NYSE ZK traded up $0.56 during mid-day trading on Friday, reaching $30.22. The company had a trading volume of 117,794 shares, compared to its average volume of 621,544. ZEEKR Intelligent Technology has a 52 week low of $17.91 and a 52 week high of $33.32. The business's 50-day moving average is $29.58 and its 200-day moving average is $27.18. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of -16.70 and a beta of 0.10.

Institutional Trading of ZEEKR Intelligent Technology

Hedge funds have recently modified their holdings of the company. Brooklyn Investment Group lifted its position in shares of ZEEKR Intelligent Technology by 2,014.8% during the first quarter. Brooklyn Investment Group now owns 1,290 shares of the company's stock valued at $31,000 after buying an additional 1,229 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of ZEEKR Intelligent Technology during the first quarter valued at about $44,000. XTX Topco Ltd purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter valued at about $216,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter valued at about $225,000. Finally, Tidal Investments LLC purchased a new stake in shares of ZEEKR Intelligent Technology during the second quarter valued at about $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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