Zhihu (NYSE:ZH - Free Report) had its price objective reduced by Citigroup from $5.40 to $4.70 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.
Zhihu Stock Down 6.5 %
NYSE:ZH traded down $0.25 during mid-day trading on Friday, hitting $3.59. 432,713 shares of the stock traded hands, compared to its average volume of 259,383. The business's 50-day moving average price is $3.68 and its 200 day moving average price is $3.38. The company has a market cap of $313.48 million, a PE ratio of -6.41 and a beta of 0.19. Zhihu has a 12-month low of $2.55 and a 12-month high of $6.06.
Institutional Investors Weigh In On Zhihu
Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in Zhihu in the third quarter valued at $27,000. Virtu Financial LLC bought a new position in shares of Zhihu during the 3rd quarter valued at about $141,000. XTX Topco Ltd purchased a new position in shares of Zhihu during the 3rd quarter valued at about $151,000. Walleye Capital LLC bought a new stake in Zhihu in the 3rd quarter worth approximately $212,000. Finally, Jane Street Group LLC boosted its stake in Zhihu by 65.1% in the third quarter. Jane Street Group LLC now owns 175,381 shares of the company's stock worth $675,000 after buying an additional 69,160 shares in the last quarter. 28.92% of the stock is owned by hedge funds and other institutional investors.
About Zhihu
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Zhihu Inc operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services.
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