Renaissance Capital LLC Increases Position in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Renaissance Capital LLC lifted its position in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) by 119.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,697 shares of the company's stock after purchasing an additional 27,001 shares during the quarter. ZEEKR Intelligent Technology comprises about 0.9% of Renaissance Capital LLC's investment portfolio, making the stock its 24th biggest position. Renaissance Capital LLC's holdings in ZEEKR Intelligent Technology were worth $1,410,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Polymer Capital Management HK LTD purchased a new position in shares of ZEEKR Intelligent Technology in the 3rd quarter worth approximately $3,836,000. HITE Hedge Asset Management LLC boosted its holdings in ZEEKR Intelligent Technology by 52.4% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 48,202 shares of the company's stock valued at $1,074,000 after acquiring an additional 16,564 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in ZEEKR Intelligent Technology in the third quarter worth $605,000. WT Asset Management Ltd purchased a new stake in shares of ZEEKR Intelligent Technology during the third quarter valued at $446,000. Finally, Marshall Wace LLP bought a new position in ZEEKR Intelligent Technology in the second quarter worth approximately $347,000.

ZEEKR Intelligent Technology Price Performance

ZK traded down $0.16 during trading on Wednesday, hitting $25.10. The stock had a trading volume of 325,514 shares, compared to its average volume of 438,274. The stock has a 50 day simple moving average of $26.90 and a two-hundred day simple moving average of $22.43. ZEEKR Intelligent Technology Holding Limited has a twelve month low of $13.00 and a twelve month high of $32.76.

Wall Street Analyst Weigh In

Separately, CICC Research started coverage on ZEEKR Intelligent Technology in a research report on Friday, October 25th. They set an "outperform" rating and a $31.74 target price for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average 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.