China Universal Asset Management Co. Ltd. bought a new position in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 12,000 shares of the company’s stock, valued at approximately $341,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Millennium Management LLC purchased a new position in ZEEKR Intelligent Technology in the 2nd quarter worth approximately $17,478,000. Polymer Capital Management HK LTD bought a new stake in ZEEKR Intelligent Technology in the 3rd quarter worth about $3,836,000. HITE Hedge Asset Management LLC raised its position in ZEEKR Intelligent Technology by 52.4% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company’s stock worth $1,074,000 after buying an additional 16,564 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in ZEEKR Intelligent Technology during the 3rd quarter valued at about $605,000. Finally, Renaissance Capital LLC boosted its holdings 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 valued at $506,000 after acquiring an additional 3,789 shares during the last quarter.
Analyst Ratings Changes
Separately, CICC Research assumed coverage on shares of ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an “outperform” rating and a $31.74 price objective on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat, ZEEKR Intelligent Technology currently has an average rating of “Buy” and a consensus price target of $32.02.
ZEEKR Intelligent Technology Trading Down 1.1 %
Shares of NYSE:ZK opened at $26.13 on Monday. The firm’s 50 day moving average price is $26.81 and its 200-day moving average price is $22.31. ZEEKR Intelligent Technology Holding Limited has a twelve month low of $13.00 and a twelve month high of $32.76.
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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