Zhihu Inc. (NYSE:ZH) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in Zhihu Inc. (NYSE:ZH) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,929 shares of the company’s stock after selling 5,943 shares during the quarter. JPMorgan Chase & Co.’s holdings in Zhihu were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ZH. Barclays PLC acquired a new stake in shares of Zhihu during the third quarter valued at about $511,000. Jane Street Group LLC boosted its holdings in Zhihu by 65.1% in the third quarter. Jane Street Group LLC now owns 175,381 shares of the company’s stock valued at $675,000 after purchasing an additional 69,160 shares during the last quarter. Walleye Capital LLC acquired a new stake in Zhihu during the 3rd quarter valued at approximately $212,000. Virtu Financial LLC purchased a new stake in Zhihu during the 3rd quarter worth approximately $141,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Zhihu in the 3rd quarter valued at approximately $317,000. Institutional investors and hedge funds own 28.92% of the company’s stock.

Analyst Ratings Changes

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

Zhihu Stock Performance

Shares of ZH stock opened at $3.48 on Monday. Zhihu Inc. has a 1 year low of $2.55 and a 1 year high of $5.28. The firm has a market capitalization of $303.44 million, a PE ratio of -6.21 and a beta of 0.19. The stock has a fifty day moving average of $3.57 and a two-hundred day moving average of $3.49.

Zhihu (NYSE:ZH) last issued its quarterly earnings results on Tuesday, November 26th. The company reported ($0.02) earnings per share for the quarter. Zhihu had a negative return on equity of 8.01% and a negative net margin of 9.28%.

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.