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

Key Points

• ZEEKR Intelligent Technology's stock rating was upgraded to a hold by Wall Street Zen, following a recent review by analysts.
• Macquarie lowered its target price for the company from $47.00 to $38.00 while maintaining an outperform rating.
• Institutional investors have shown significant interest, with Brooklyn Investment Group increasing its stake by an astounding 2,014.8% in the first quarter.

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

Separately, Macquarie cut their target price on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $34.87.

ZEEKR Intelligent Technology Stock Performance

Shares of ZK stock traded down $0.47 during trading hours on Friday, reaching $29.10. The company had a trading volume of 32,404 shares, compared to its average volume of 648,183. The business has a fifty day moving average price of $29.42 and a 200-day moving average price of $26.71. ZEEKR Intelligent Technology has a one year low of $16.95 and a one year high of $33.32. The firm has a market cap of $7.45 billion, a PE ratio of -16.08 and a beta of 0.08.

Institutional Investors Weigh In On ZEEKR Intelligent Technology

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

About ZEEKR Intelligent Technology

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.