E Fund Management Co. Ltd. increased its stake in Zhihu Inc. (NYSE:ZH - Free Report) by 83.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,848 shares of the company's stock after acquiring an additional 68,458 shares during the period. E Fund Management Co. Ltd. owned approximately 0.17% of Zhihu worth $534,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZH. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zhihu during the third quarter valued at approximately $27,000. Advisors Preferred LLC purchased a new position in shares of Zhihu during the fourth quarter valued at approximately $39,000. New York State Common Retirement Fund boosted its position in shares of Zhihu by 93.8% during the fourth quarter. New York State Common Retirement Fund now owns 31,666 shares of the company's stock valued at $112,000 after buying an additional 15,325 shares during the period. Virtu Financial LLC purchased a new position in shares of Zhihu during the third quarter valued at approximately $141,000. Finally, XTX Topco Ltd purchased a new position in shares of Zhihu during the third quarter valued at approximately $151,000. Hedge funds and other institutional investors own 28.92% of the company's stock.
Zhihu Trading Up 2.1 %
Shares of Zhihu stock traded up $0.11 on Tuesday, hitting $5.22. 612,439 shares of the company traded hands, compared to its average volume of 882,788. The stock's 50 day moving average price is $4.16 and its 200-day moving average price is $3.80. Zhihu Inc. has a 52 week low of $2.55 and a 52 week high of $6.32. The company has a market cap of $455.36 million, a PE ratio of -9.31 and a beta of 0.08.
Analyst Ratings Changes
Separately, Citigroup dropped their target price on Zhihu from $5.40 to $4.70 and set a "buy" rating for the company in a research report on Friday, November 29th.
Read Our Latest Report on ZH
About Zhihu
(
Free Report)
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.
Read More
Before you consider Zhihu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zhihu wasn't on the list.
While Zhihu currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
