HITE Hedge Asset Management LLC Purchases 16,564 Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

HITE Hedge Asset Management LLC raised its stake in shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) by 52.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,202 shares of the company’s stock after purchasing an additional 16,564 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in ZEEKR Intelligent Technology were worth $1,074,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Sandia Investment Management LP purchased a new position in ZEEKR Intelligent Technology during the second quarter worth about $94,000. Green Alpha Advisors LLC bought a new position in shares of ZEEKR Intelligent Technology in the third quarter worth about $219,000. Marshall Wace LLP bought a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $347,000. WT Asset Management Ltd acquired a new position in ZEEKR Intelligent Technology during the 3rd quarter worth $446,000. Finally, Renaissance Capital LLC increased its holdings in 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 in the last quarter.

ZEEKR Intelligent Technology Stock Performance

NYSE:ZK opened at $23.96 on Tuesday. The stock’s fifty day moving average price is $23.79 and its two-hundred day moving average price is $20.66. ZEEKR Intelligent Technology Holding Limited has a 1 year low of $13.00 and a 1 year high of $32.24.

Analyst Upgrades and Downgrades

ZK has been the subject of several research analyst reports. 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. Bank of America decreased their target price on shares of ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Finally, CICC Research initiated coverage on shares of ZEEKR Intelligent Technology in a report on Friday, October 25th. They set an “outperform” rating and a $31.74 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, ZEEKR Intelligent Technology currently has a consensus rating of “Buy” and a consensus price target of $32.02.

ZEEKR Intelligent Technology 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.