Marshall Wace LLP Invests $347,000 in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Marshall Wace LLP purchased a new stake in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,400 shares of the company’s stock, valued at approximately $347,000.

Separately, Prudential PLC acquired a new stake in shares of ZEEKR Intelligent Technology during the 2nd quarter worth about $4,194,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZK. Bank of America reduced 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. Citigroup started coverage on ZEEKR Intelligent Technology in a report on Monday, June 24th. They set a “buy” rating and a $32.40 price objective on the stock. Finally, Macquarie started coverage on ZEEKR Intelligent Technology in a research report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $32.08.

ZEEKR Intelligent Technology Price Performance

ZK stock opened at $24.59 on Friday. The business’s fifty day moving average price is $17.60. ZEEKR Intelligent Technology Holding Limited has a 52 week low of $13.00 and a 52 week high of $32.24.

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

About ZEEKR Intelligent Technology

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.