ZEEKR Intelligent Technology (NYSE:ZK) Stock Price Up 3.2% – Still a Buy?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) shot up 3.2% on Friday . The company traded as high as $27.07 and last traded at $27.03. 271,610 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 842,334 shares. The stock had previously closed at $26.20.

ZEEKR Intelligent Technology Price Performance

The stock has a fifty day moving average price of $26.57 and a two-hundred day moving average price of $24.88.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

A number of institutional investors have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. acquired a new position in ZEEKR Intelligent Technology in the fourth quarter valued at $341,000. Barclays PLC increased its stake in ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after purchasing an additional 2,097 shares during the last quarter. Renaissance Capital LLC increased its stake in ZEEKR Intelligent Technology by 119.0% in the fourth quarter. Renaissance Capital LLC now owns 49,697 shares of the company’s stock valued at $1,410,000 after purchasing an additional 27,001 shares during the last quarter. Polymer Capital Management HK LTD acquired a new position in ZEEKR Intelligent Technology in the third quarter valued at $3,836,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in ZEEKR Intelligent Technology in the third quarter valued at $605,000.

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.