Franklin Resources Inc. Invests $244,000 in ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)

Franklin Resources Inc. bought a new position in shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,600 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ZK. Barclays PLC boosted its position in shares of 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 acquiring an additional 2,097 shares during the period. Green Alpha Advisors LLC raised its stake in ZEEKR Intelligent Technology by 55.4% during the 4th quarter. Green Alpha Advisors LLC now owns 15,283 shares of the company’s stock valued at $434,000 after purchasing an additional 5,447 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in ZEEKR Intelligent Technology in the 4th quarter valued at $341,000. Renaissance Capital LLC grew its position in ZEEKR Intelligent Technology by 119.0% in the 4th quarter. Renaissance Capital LLC now owns 49,697 shares of the company’s stock worth $1,410,000 after purchasing an additional 27,001 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of ZEEKR Intelligent Technology during the 4th quarter worth about $383,000.

ZEEKR Intelligent Technology Stock Performance

Shares of ZK opened at $18.98 on Friday. ZEEKR Intelligent Technology Holding Limited has a 52 week low of $13.00 and a 52 week high of $33.32. The firm has a market capitalization of $4.82 billion and a P/E ratio of -4.84. The company has a 50-day simple moving average of $24.87 and a 200-day simple moving average of $25.47.

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.