Millennium Management LLC Makes New $17.48 Million Investment in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Millennium Management LLC acquired a new stake in shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 927,670 shares of the company’s stock, valued at approximately $17,478,000. Millennium Management LLC owned approximately 0.37% of ZEEKR Intelligent Technology as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in ZEEKR Intelligent Technology during the 2nd quarter worth approximately $31,236,000. Westwood Holdings Group Inc. bought a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at $1,288,000. Prudential PLC purchased a new position in shares of ZEEKR Intelligent Technology during the 2nd quarter valued at $4,194,000. Point72 Asset Management L.P. bought a new position in ZEEKR Intelligent Technology in the 2nd quarter worth $20,388,000. Finally, Sandia Investment Management LP purchased a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $94,000.

Analyst Ratings Changes

ZK has been the topic of several research analyst reports. Bank of America lowered their price objective on ZEEKR Intelligent Technology from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Citigroup assumed coverage on ZEEKR Intelligent Technology in a report on Monday, June 24th. They issued a “buy” rating and a $32.40 price target on the stock. Finally, Macquarie started coverage on shares of ZEEKR Intelligent Technology in a report on Thursday. They set an “outperform” rating and a $33.00 price objective for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $32.08.

ZEEKR Intelligent Technology Trading Up 0.4 %

NYSE:ZK opened at $25.91 on Friday. The stock has a 50-day moving average price of $17.08. ZEEKR Intelligent Technology Holding Limited has a 12 month low of $13.00 and a 12 month high of $32.24.

ZEEKR Intelligent Technology (NYSE:ZK) last issued its quarterly earnings data on Wednesday, August 21st. The company reported ($1.31) earnings per share (EPS) for the quarter. The firm had revenue of $2.76 billion during the quarter. On average, equities research analysts anticipate that ZEEKR Intelligent Technology Holding Limited will post -2.31 EPS for the current 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.