Point72 Hong Kong Ltd lowered its stake in shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK - Free Report) by 27.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,206,247 shares of the company's stock after selling 451,724 shares during the period. ZEEKR Intelligent Technology accounts for 1.8% of Point72 Hong Kong Ltd's investment portfolio, making the stock its 8th biggest holding. Point72 Hong Kong Ltd owned approximately 0.49% of ZEEKR Intelligent Technology worth $26,887,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Prudential PLC acquired a new position in ZEEKR Intelligent Technology during the 2nd quarter valued at approximately $4,194,000. Westwood Holdings Group Inc. acquired a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $1,288,000. Marshall Wace LLP purchased a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth about $347,000. Sandia Investment Management LP purchased a new stake in ZEEKR Intelligent Technology during the second quarter worth approximately $94,000. Finally, Point72 Asset Management L.P. acquired a new stake in ZEEKR Intelligent Technology during the second quarter valued at approximately $20,388,000.
ZEEKR Intelligent Technology Price Performance
Shares of ZEEKR Intelligent Technology stock traded up $0.99 during trading hours on Friday, hitting $23.43. The company's stock had a trading volume of 472,842 shares, compared to its average volume of 1,376,446. The business has a fifty day moving average of $23.64 and a 200 day moving average of $20.72. ZEEKR Intelligent Technology Holding Limited has a 1-year low of $13.00 and a 1-year high of $32.24.
Wall Street Analyst Weigh In
Several brokerages have weighed in on ZK. Macquarie assumed coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They issued an "outperform" rating and a $33.00 target price on the stock. Bank of America reduced their target price 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, CICC Research started 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, ZEEKR Intelligent Technology currently has an average rating of "Buy" and an average price target of $32.02.
View Our Latest Analysis on ZK
ZEEKR Intelligent Technology Company Profile
(
Free Report)
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.
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