Zhihu (NYSE:ZH) Price Target Lowered to $4.70 at Citigroup

Zhihu (NYSE:ZH) had its price target lowered by Citigroup from $5.40 to $4.70 in a research note issued to investors on Friday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Zhihu Trading Down 6.8 %

ZH opened at $3.58 on Friday. Zhihu has a 12 month low of $2.55 and a 12 month high of $6.06. The business’s 50-day moving average price is $3.68 and its 200-day moving average price is $3.39. The company has a market cap of $312.61 million, a P/E ratio of -6.39 and a beta of 0.19.

Institutional Trading of Zhihu

Several large investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in Zhihu in the second quarter valued at $740,000. Barclays PLC purchased a new stake in shares of Zhihu in the 3rd quarter worth about $511,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Zhihu during the 3rd quarter valued at about $317,000. 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 valued at $675,000 after buying an additional 69,160 shares during the period. Finally, Walleye Capital LLC bought a new position in Zhihu in the third quarter worth about $212,000. 28.92% of the stock is owned by institutional investors.

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.