ZEEKR Intelligent Technology’s (ZK) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of ZEEKR Intelligent Technology (NYSE:ZK) in a research report sent to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of ZEEKR Intelligent Technology from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.87.

ZEEKR Intelligent Technology Stock Down 3.9%

Shares of NYSE:ZK opened at $28.72 on Wednesday. ZEEKR Intelligent Technology has a 12 month low of $17.91 and a 12 month high of $33.32. The company’s 50-day moving average price is $29.52 and its two-hundred day moving average price is $26.82. The firm has a market cap of $7.36 billion, a P/E ratio of -15.87 and a beta of 0.10.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

A number of institutional investors have recently added to or reduced their stakes in ZK. Vanguard Group Inc. boosted its position in ZEEKR Intelligent Technology by 5.3% during the first quarter. Vanguard Group Inc. now owns 821,105 shares of the company’s stock worth $19,780,000 after purchasing an additional 41,518 shares during the period. MY.Alpha Management HK Advisors Ltd bought a new position in ZEEKR Intelligent Technology during the second quarter worth $15,730,000. JPMorgan Chase & Co. boosted its position in ZEEKR Intelligent Technology by 691.0% during the second quarter. JPMorgan Chase & Co. now owns 372,825 shares of the company’s stock worth $9,507,000 after purchasing an additional 325,691 shares during the period. Norges Bank bought a new position in ZEEKR Intelligent Technology during the second quarter worth $9,252,000. Finally, Millennium Management LLC boosted its position in 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 during the period.

ZEEKR Intelligent Technology Company 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.