272,904 Shares in Zhihu Inc. (NYSE:ZH) Bought by Acadian Asset Management LLC

Acadian Asset Management LLC acquired a new stake in Zhihu Inc. (NYSE:ZH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 272,904 shares of the company’s stock, valued at approximately $740,000. Acadian Asset Management LLC owned approximately 0.27% of Zhihu at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Matthews International Capital Management LLC raised its position in Zhihu by 5.7% in the 1st quarter. Matthews International Capital Management LLC now owns 32,571,129 shares of the company’s stock valued at $22,275,000 after purchasing an additional 1,753,312 shares during the last quarter. Alibaba Group Holding Ltd purchased a new stake in shares of Zhihu in the first quarter valued at about $7,158,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Zhihu in the first quarter valued at about $1,435,000. Finally, Nomura Holdings Inc. boosted its stake in shares of Zhihu by 17.6% during the fourth quarter. Nomura Holdings Inc. now owns 450,000 shares of the company’s stock worth $421,000 after buying an additional 67,200 shares during the period. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup decreased their price objective on Zhihu from $8.40 to $5.40 and set a “buy” rating for the company in a research report on Thursday, June 13th.

Zhihu Price Performance

NYSE:ZH opened at $3.30 on Wednesday. The firm has a market cap of $338.56 million, a price-to-earnings ratio of -2.89 and a beta of 0.16. The firm’s fifty day moving average price is $3.21 and its 200 day moving average price is $3.58. Zhihu Inc. has a 1-year low of $2.55 and a 1-year high of $6.84.

Zhihu (NYSE:ZH) last released its earnings results on Thursday, August 22nd. The company reported ($0.12) EPS for the quarter. Zhihu had a negative return on equity of 13.51% and a negative net margin of 15.49%. The firm had revenue of $128.50 million during the quarter.

Zhihu Company 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.