Polymer Capital Management HK LTD Buys New Stake in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Polymer Capital Management HK LTD purchased a new stake in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 172,078 shares of the company's stock, valued at approximately $3,836,000. Polymer Capital Management HK LTD owned approximately 0.07% of ZEEKR Intelligent Technology as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sandia Investment Management LP purchased a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter worth about $94,000. Green Alpha Advisors LLC bought a new stake in ZEEKR Intelligent Technology in the third quarter valued at $219,000. Marshall Wace LLP acquired a new position in ZEEKR Intelligent Technology during the 2nd quarter valued at about $347,000. WT Asset Management Ltd acquired a new position in shares of ZEEKR Intelligent Technology in the 3rd quarter worth approximately $446,000. Finally, Renaissance Capital LLC boosted its holdings in shares of ZEEKR Intelligent Technology by 20.0% in the third quarter. Renaissance Capital LLC now owns 22,696 shares of the company's stock worth $506,000 after buying an additional 3,789 shares during the period.

ZEEKR Intelligent Technology Stock Performance

Shares of ZEEKR Intelligent Technology stock traded up $1.89 during trading on Wednesday, reaching $26.16. 867,707 shares of the stock were exchanged, compared to its average volume of 872,806. ZEEKR Intelligent Technology Holding Limited has a 1 year low of $13.00 and a 1 year high of $32.24. The stock's fifty day moving average is $23.91 and its 200 day moving average is $20.64.

Analyst Ratings Changes

ZK has been the topic of several research reports. CICC Research assumed 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. Bank of America cut their price target on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Finally, Macquarie initiated coverage on ZEEKR Intelligent Technology in a research note on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $32.02.

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.