WT Asset Management Ltd Buys Shares of 20,013 ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

WT Asset Management Ltd acquired a new stake in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,013 shares of the company's stock, valued at approximately $446,000. ZEEKR Intelligent Technology accounts for approximately 0.1% of WT Asset Management Ltd's investment portfolio, making the stock its 28th largest position.

Other institutional investors have also recently modified their holdings of the company. Sandia Investment Management LP acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth about $94,000. Green Alpha Advisors LLC acquired a new stake in ZEEKR Intelligent Technology during the third quarter worth about $219,000. Marshall Wace LLP acquired a new stake in ZEEKR Intelligent Technology during the second quarter worth about $347,000. Renaissance Capital LLC lifted its holdings in ZEEKR Intelligent Technology by 20.0% in the third 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 period. Finally, HITE Hedge Asset Management LLC acquired a new position in ZEEKR Intelligent Technology in the second quarter valued at approximately $596,000.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ZK. CICC Research initiated coverage on shares of ZEEKR Intelligent Technology in a research note on Friday, October 25th. They set an "outperform" rating and a $31.74 price objective on the stock. Macquarie initiated coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 price objective for the company. Finally, Bank of America lowered 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 note on Thursday, August 22nd. 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 an average price target of $32.02.

ZEEKR Intelligent Technology Stock Up 1.2 %

Shares of NYSE ZK traded up $0.30 during mid-day trading on Friday, reaching $25.41. The company's stock had a trading volume of 462,216 shares, compared to its average volume of 785,633. The business has a 50-day simple moving average of $20.36. ZEEKR Intelligent Technology Holding Limited has a 1-year low of $13.00 and a 1-year high of $32.24.

ZEEKR Intelligent Technology (NYSE:ZK - Get Free Report) last released its earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share for the quarter. The business had revenue of $2.76 billion for the quarter. As a group, equities research analysts expect that ZEEKR Intelligent Technology Holding Limited will post -2.2 EPS for the current year.

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.