Barclays PLC Purchases Shares of 132,800 Zhihu Inc. (NYSE:ZH)

Barclays PLC purchased a new position in shares of Zhihu Inc. (NYSE:ZH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 132,800 shares of the company’s stock, valued at approximately $511,000. Barclays PLC owned 0.15% of Zhihu as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC increased its position in shares of 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 period. Walleye Capital LLC bought a new stake in Zhihu during the third quarter valued at $212,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Zhihu during the 3rd quarter worth about $317,000. XTX Topco Ltd bought a new position in shares of Zhihu in the 3rd quarter worth about $151,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zhihu in the 3rd quarter worth about $27,000. Institutional investors and hedge funds own 28.92% of the company’s stock.

Zhihu Stock Up 2.6 %

NYSE:ZH opened at $3.35 on Friday. The company has a fifty day moving average of $3.59 and a 200-day moving average of $3.46. Zhihu Inc. has a twelve month low of $2.55 and a twelve month high of $5.28. The firm has a market capitalization of $292.09 million, a P/E ratio of -5.97 and a beta of 0.19.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their target price on Zhihu from $5.40 to $4.70 and set a “buy” rating for the company in a research note 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.