Pinpoint Asset Management Ltd Sells 40,377 Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Pinpoint Asset Management Ltd lowered its position in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) by 65.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,520 shares of the company's stock after selling 40,377 shares during the period. Pinpoint Asset Management Ltd's holdings in ZEEKR Intelligent Technology were worth $480,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in ZEEKR Intelligent Technology during the 2nd quarter valued at about $31,236,000. Point72 Asset Management L.P. acquired a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter worth approximately $20,388,000. Millennium Management LLC acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth approximately $17,478,000. Prudential PLC purchased a new position in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at $4,194,000. Finally, Polymer Capital Management HK LTD acquired a new stake in shares of ZEEKR Intelligent Technology in the 3rd quarter worth $3,836,000.

ZEEKR Intelligent Technology Price Performance

Shares of ZEEKR Intelligent Technology stock traded up $1.89 during midday trading on Wednesday, reaching $26.16. The company had a trading volume of 867,707 shares, compared to its average volume of 872,806. The stock has a fifty day moving average price of $24.09 and a 200 day moving average price of $20.68. ZEEKR Intelligent Technology Holding Limited has a fifty-two week low of $13.00 and a fifty-two week high of $32.24.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ZK shares. CICC Research began coverage on ZEEKR Intelligent Technology in a research note on Friday, October 25th. They issued an "outperform" rating and a $31.74 target price for the company. Macquarie assumed 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 on the stock. Finally, Bank of America lowered their price objective 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ZEEKR Intelligent Technology has an average 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.