HITE Hedge Asset Management LLC boosted its stake in shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK – Free Report) by 52.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,202 shares of the company’s stock after buying an additional 16,564 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in ZEEKR Intelligent Technology were worth $1,074,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in ZK. Prudential PLC purchased a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter worth about $4,194,000. Westwood Holdings Group Inc. purchased a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter worth about $1,288,000. Marshall Wace LLP acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $347,000. Sandia Investment Management LP acquired a new stake in ZEEKR Intelligent Technology in the 2nd quarter valued at $94,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of ZEEKR Intelligent Technology during the second quarter worth $20,388,000.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on ZK. Bank of America dropped their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Macquarie initiated coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price on the stock. Finally, CICC Research initiated coverage on ZEEKR Intelligent Technology in a research note on Friday, October 25th. They issued an “outperform” rating and a $31.74 target price on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $32.02.
ZEEKR Intelligent Technology Trading Up 2.3 %
NYSE:ZK opened at $23.96 on Tuesday. The business’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $20.66. ZEEKR Intelligent Technology Holding Limited has a fifty-two week low of $13.00 and a fifty-two week high of $32.24.
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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