Westwood Holdings Group Inc. Sells 54,423 Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Westwood Holdings Group Inc. lessened its holdings in shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) by 67.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,194 shares of the company’s stock after selling 54,423 shares during the quarter. Westwood Holdings Group Inc.’s holdings in ZEEKR Intelligent Technology were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZK. Quantbot Technologies LP bought a new position in ZEEKR Intelligent Technology in the fourth quarter worth $86,000. JPMorgan Chase & Co. bought a new position in ZEEKR Intelligent Technology in the fourth quarter worth $145,000. Envestnet Asset Management Inc. bought a new position in ZEEKR Intelligent Technology in the fourth quarter worth $202,000. Wells Fargo & Company MN bought a new position in ZEEKR Intelligent Technology in the fourth quarter worth $217,000. Finally, Franklin Resources Inc. bought a new position in ZEEKR Intelligent Technology in the fourth quarter worth $244,000.

ZEEKR Intelligent Technology Trading Down 0.4%

ZK opened at $28.53 on Wednesday. The stock has a fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $25.42. The company has a market cap of $7.25 billion and a price-to-earnings ratio of -9.80. ZEEKR Intelligent Technology Holding Limited has a 12-month low of $13.00 and a 12-month high of $33.32.

ZEEKR Intelligent Technology (NYSE:ZK) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.08) by $4.69. The firm had revenue of $3.03 billion during the quarter. On average, analysts predict that ZEEKR Intelligent Technology Holding Limited will post -1.76 EPS for the current year.

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.