Healthcare of Ontario Pension Plan Trust Fund cut its stake in Zhihu Inc. (NYSE:ZH – Free Report) by 88.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,500 shares of the company’s stock after selling 1,849,200 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.25% of Zhihu worth $681,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Nomura Holdings Inc. raised its position in Zhihu by 17.6% during the fourth quarter. Nomura Holdings Inc. now owns 450,000 shares of the company’s stock valued at $421,000 after acquiring an additional 67,200 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Zhihu during the 2nd quarter worth $740,000. Alibaba Group Holding Ltd bought a new position in shares of Zhihu during the 1st quarter valued at $7,158,000. Finally, Matthews International Capital Management LLC boosted its holdings in Zhihu by 5.7% in the first quarter. Matthews International Capital Management LLC now owns 32,571,129 shares of the company’s stock worth $22,275,000 after purchasing an additional 1,753,312 shares in the last quarter. 28.92% of the stock is currently owned by hedge funds and other institutional investors.
Zhihu Stock Performance
ZH opened at $4.16 on Wednesday. The firm has a market cap of $415.63 million, a P/E ratio of -3.67 and a beta of 0.18. The business has a 50 day moving average price of $3.37 and a 200 day moving average price of $3.51. Zhihu Inc. has a twelve month low of $2.55 and a twelve month high of $6.36.
Analysts Set New Price Targets
Separately, Citigroup cut their target price on Zhihu from $8.40 to $5.40 and set a “buy” rating on the stock in a report on Thursday, June 13th.
View Our Latest Report on Zhihu
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.
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