Barclays PLC Makes New Investment in Zhihu Inc. (NYSE:ZH)

Barclays PLC bought a new position in shares of Zhihu Inc. (NYSE:ZH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 132,800 shares of the company’s stock, valued at approximately $511,000. Barclays PLC owned approximately 0.13% of Zhihu at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ZH. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zhihu during the 3rd quarter worth $27,000. XTX Topco Ltd acquired a new stake in shares of Zhihu during the third quarter worth $151,000. Walleye Capital LLC bought a new stake in Zhihu in the third quarter valued at about $212,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Zhihu in the third quarter valued at about $317,000. Finally, Jane Street Group LLC boosted its holdings in Zhihu by 65.1% during 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 during the last quarter. 28.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Zhihu Price Performance

Shares of NYSE ZH opened at $3.54 on Friday. Zhihu Inc. has a twelve month low of $2.55 and a twelve month high of $5.46. The stock has a market cap of $309.10 million, a price-to-earnings ratio of -6.32 and a beta of 0.21. The company’s fifty day moving average is $3.63 and its 200-day moving average is $3.42.

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.