Renaissance Capital LLC Increases Stock Holdings in ZEEKR Intelligent Technology Holding Limited Unsponsored ADR $ZK

Renaissance Capital LLC grew its stake in shares of ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) by 198.8% during the third quarter, Holdings Channel reports. The firm owned 68,567 shares of the company’s stock after purchasing an additional 45,617 shares during the period. ZEEKR Intelligent Technology makes up approximately 1.2% of Renaissance Capital LLC’s investment portfolio, making the stock its 24th largest position. Renaissance Capital LLC’s holdings in ZEEKR Intelligent Technology were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. MY.Alpha Management HK Advisors Ltd acquired a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth $15,730,000. JPMorgan Chase & Co. boosted its stake in ZEEKR Intelligent Technology by 691.0% in the second quarter. JPMorgan Chase & Co. now owns 372,825 shares of the company’s stock valued at $9,507,000 after acquiring an additional 325,691 shares in the last quarter. Norges Bank purchased a new position in shares of ZEEKR Intelligent Technology during the second quarter worth about $9,252,000. Millennium Management LLC increased its position in shares of ZEEKR Intelligent Technology by 248.1% during the first quarter. Millennium Management LLC now owns 266,748 shares of the company’s stock worth $6,426,000 after purchasing an additional 190,126 shares in the last quarter. Finally, Man Group plc increased its position in shares of ZEEKR Intelligent Technology by 589.6% during the second quarter. Man Group plc now owns 152,201 shares of the company’s stock worth $3,881,000 after purchasing an additional 130,129 shares in the last quarter.

Wall Street Analysts Forecast Growth

ZK has been the topic of a number of research reports. Wall Street Zen lowered shares of ZEEKR Intelligent Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZEEKR Intelligent Technology in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.00.

ZEEKR Intelligent Technology Stock Performance

NYSE:ZK opened at $26.73 on Wednesday. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a 12-month low of $17.91 and a 12-month high of $33.32. The stock’s 50 day simple moving average is $27.37 and its 200-day simple moving average is $28.23. The firm has a market cap of $6.85 billion, a P/E ratio of -17.03 and a beta of 0.14.

ZEEKR Intelligent Technology Profile

ZEEKR Intelligent Technology Co, Ltd. (NYSE: ZK) is a premium electric vehicle (EV) brand established by Zhejiang Geely Holding Group. Headquartered in China, ZEEKR specializes in the design, development, manufacturing and sale of intelligent electric mobility solutions. The company takes a vertically integrated approach, overseeing everything from vehicle architecture and software development to production and after-sales service.

Built on Geely’s Sustainable Experience Architecture (SEA) platform, ZEEKR’s product lineup blends performance, connectivity and premium craftsmanship.