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

Renaissance Capital LLC boosted its position in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) by 20.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,696 shares of the company’s stock after buying an additional 3,789 shares during the quarter. Renaissance Capital LLC’s holdings in ZEEKR Intelligent Technology were worth $506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZK. Point72 Hong Kong Ltd bought a new stake in ZEEKR Intelligent Technology in the second 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 bought a new stake in shares of ZEEKR Intelligent Technology in the 2nd quarter valued at approximately $17,478,000. Prudential PLC bought a new position in ZEEKR Intelligent Technology during the second quarter worth $4,194,000. Finally, Lighthouse Investment Partners LLC acquired a new position in ZEEKR Intelligent Technology in the second quarter worth $2,736,000.

Wall Street Analysts Forecast Growth

ZK has been the topic of a number of recent research reports. Macquarie began coverage on shares of ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They issued an “outperform” rating and a $33.00 price target on the stock. Citigroup began coverage on ZEEKR Intelligent Technology in a report on Monday, June 24th. They set a “buy” rating and a $32.40 target price for the company. Finally, Bank of America cut their target price on 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. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, ZEEKR Intelligent Technology currently has an average rating of “Buy” and an average target price of $32.08.

ZEEKR Intelligent Technology Stock Down 4.7 %

Shares of ZK opened at $21.90 on Wednesday. ZEEKR Intelligent Technology Holding Limited has a one year low of $13.00 and a one year high of $32.24. The stock has a 50-day moving average price of $18.24.

ZEEKR Intelligent Technology (NYSE:ZK) last posted its quarterly earnings results on Wednesday, August 21st. The company reported ($1.31) earnings per share for the quarter. The company had revenue of $2.76 billion during the quarter. As a group, analysts anticipate that ZEEKR Intelligent Technology Holding Limited will post -2.31 earnings per share for the current fiscal year.

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.