E Fund Management Hong Kong Co. Ltd. purchased a new position in Zhihu Inc. (NYSE:ZH – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 82,390 shares of the company’s stock, valued at approximately $317,000. Zhihu comprises about 0.2% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 21st biggest holding. E Fund Management Hong Kong Co. Ltd. owned 0.08% of Zhihu as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in Zhihu in the 2nd quarter worth about $740,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Zhihu in the 1st quarter worth about $1,435,000. Finally, Alibaba Group Holding Ltd bought a new stake in Zhihu in the 1st quarter worth about $7,158,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.
Zhihu Stock Performance
NYSE ZH opened at $3.60 on Thursday. Zhihu Inc. has a one year low of $2.55 and a one year high of $6.24. The stock has a 50-day moving average of $3.56 and a 200 day moving average of $3.44. The company has a market capitalization of $359.17 million, a price-to-earnings ratio of -3.99 and a beta of 0.18.
Zhihu Profile
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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