Tiger Global Management Reduces $18M in ZKH Group Limited ($ZKH)
Key Points
- Tiger Global Management changed its ZKH Group Limited ($ZKH) stake by 100% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $ZKH is Strong Buy and an average price target of $4.28.
- $ZKH last traded around $2.26.
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Tiger Global Management reduced its position in ZKH Group Limited ($ZKH), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of ZKH Group Limited after selling 7,996,846 shares during the quarter.
ZKH Group Limited Stock Down 22.6%
Shares of ZKH Group Limited ($ZKH) traded around $2.26 on Sunday, down 22.6% for the day.
ZKH Group Limited Earnings
Analysts Set New Price Targets
About ZKH Group Limited
ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People's Republic of China. It offers equipment parts, including pump valve fittings, low voltage electrical, electric automation, wire and cable, fastening seal, pneumatics and hydraulics, and instrumentation products; chemicals, such as workshop chemicals, chemical reagents, lubricants, and adhesives, as well as paint and painting supplies; and manufacturing parts comprising cutting tool, air compressor, electronic vending machine, factory automation, and abrasive measuring tool products. The company also provides general consumables, including security-related, material handling, power transmission, personal protective equipment, welding, tape and label, cleaning supply, laboratory instrument consumable, and hardware and hand tool products; and office supply, furniture, fringe, lightening, refrigeration and heating, ventilating, air conditioning, and building material products. In addition, it offers MRO procurement and management services; AI-powered MRO procurement solutions; and logistics and warehousing services. Further, the company engages in the production and sale of intelligent warehousing equipment. ZKH Group Limited was founded in 1998 and is headquartered in Shanghai, the People's Republic of China.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.