Zhihu Inc. (NYSE:ZH) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC raised its stake in Zhihu Inc. (NYSE:ZH) by 65.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,381 shares of the company’s stock after acquiring an additional 69,160 shares during the quarter. Jane Street Group LLC owned approximately 0.18% of Zhihu worth $675,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ZH. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zhihu in the 3rd quarter valued at about $27,000. Walleye Capital LLC purchased a new position in Zhihu during the third quarter worth approximately $212,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Zhihu in the third quarter valued at approximately $317,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Zhihu in the second quarter valued at approximately $740,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Zhihu Stock Performance

Zhihu stock opened at $3.57 on Friday. The company has a market capitalization of $311.72 million, a price-to-earnings ratio of -6.38 and a beta of 0.21. The company’s 50 day simple moving average is $3.63 and its 200-day simple moving average is $3.42. Zhihu Inc. has a 1 year low of $2.55 and a 1 year high of $5.46.

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.