ZEEKR Intelligent Technology Holding Limited Unsponsored ADR $ZK Stock Position Decreased by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC lessened its holdings in shares of ZEEKR Intelligent Technology Holding Limited Unsponsored ADR (NYSE:ZK) by 25.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,688 shares of the company’s stock after selling 5,645 shares during the period. HITE Hedge Asset Management LLC’s holdings in ZEEKR Intelligent Technology were worth $402,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group grew its position in shares of ZEEKR Intelligent Technology by 2,014.8% during the 1st quarter. Brooklyn Investment Group now owns 1,290 shares of the company’s stock valued at $31,000 after buying an additional 1,229 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of ZEEKR Intelligent Technology during the 1st quarter valued at about $44,000. JPMorgan Chase & Co. bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at about $145,000. Envestnet Asset Management Inc. bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at about $202,000. Finally, Wells Fargo & Company MN bought a new stake in shares of ZEEKR Intelligent Technology during the 4th quarter valued at about $217,000.

ZEEKR Intelligent Technology Trading Up 4.0%

NYSE ZK opened at $30.48 on Tuesday. ZEEKR Intelligent Technology Holding Limited Unsponsored ADR has a 52 week low of $14.75 and a 52 week high of $33.32. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of -16.84 and a beta of 0.08. The company has a 50-day moving average price of $27.72 and a two-hundred day moving average price of $26.06.

Analysts Set New Price Targets

Separately, Macquarie decreased their target price on shares of ZEEKR Intelligent Technology from $47.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, May 28th.

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.