Y Intercept Hong Kong Ltd Takes Position in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Y Intercept Hong Kong Ltd purchased a new stake in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 27,127 shares of the company’s stock, valued at approximately $605,000.

Several other hedge funds have also made changes to their positions in the company. Polymer Capital Management HK LTD purchased a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter valued at approximately $3,836,000. HITE Hedge Asset Management LLC boosted its position in shares of ZEEKR Intelligent Technology by 52.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock worth $1,074,000 after purchasing an additional 16,564 shares during the period. WT Asset Management Ltd purchased a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter worth approximately $446,000. Renaissance Capital LLC boosted its position in shares of ZEEKR Intelligent Technology by 20.0% during the 3rd quarter. Renaissance Capital LLC now owns 22,696 shares of the company’s stock worth $506,000 after purchasing an additional 3,789 shares during the period. Finally, Green Alpha Advisors LLC purchased a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter worth approximately $219,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Macquarie began coverage on shares of ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price objective for the company. CICC Research started coverage on shares of ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an “outperform” rating and a $31.74 target price on the stock. Finally, Bank of America reduced their price objective on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $32.02.

ZEEKR Intelligent Technology Stock Performance

Shares of ZK opened at $27.67 on Friday. ZEEKR Intelligent Technology Holding Limited has a twelve month low of $13.00 and a twelve month high of $32.24. The firm’s fifty day simple moving average is $24.67 and its 200-day simple moving average is $20.79.

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.