E Fund Management Co. Ltd. Has $534,000 Stock Holdings in Zhihu Inc. (NYSE:ZH)

E Fund Management Co. Ltd. increased its position in shares of Zhihu Inc. (NYSE:ZH) by 83.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,848 shares of the company’s stock after buying an additional 68,458 shares during the quarter. E Fund Management Co. Ltd. owned 0.17% of Zhihu worth $534,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zhihu during the third quarter valued at approximately $27,000. Advisors Preferred LLC acquired a new stake in Zhihu during the fourth quarter valued at approximately $39,000. New York State Common Retirement Fund boosted its holdings in 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 purchasing an additional 15,325 shares in the last quarter. Virtu Financial LLC acquired a new stake in Zhihu during the third quarter valued at approximately $141,000. Finally, XTX Topco Ltd acquired a new stake in Zhihu during the third quarter valued at approximately $151,000. 28.92% of the stock is owned by institutional investors and hedge funds.

Zhihu Trading Up 1.0 %

NYSE ZH opened at $5.69 on Friday. Zhihu Inc. has a 1-year low of $2.55 and a 1-year high of $6.32. The stock’s 50 day moving average is $4.09 and its two-hundred day moving average is $3.75. The company has a market capitalization of $496.48 million, a price-to-earnings ratio of -10.15 and a beta of 0.08.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their price objective on Zhihu from $5.40 to $4.70 and set a “buy” rating on the stock in a report on Friday, November 29th.

About Zhihu

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.