New York State Common Retirement Fund Boosts Stake in Zhihu Inc. (NYSE:ZH)

New York State Common Retirement Fund lifted its position in Zhihu Inc. (NYSE:ZH) by 93.8% in the 4th quarter, Holdings Channel reports. The fund owned 31,666 shares of the company’s stock after acquiring an additional 15,325 shares during the quarter. New York State Common Retirement Fund’s holdings in Zhihu were worth $112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC bought a new stake in shares of Zhihu in the 3rd quarter worth approximately $511,000. Jane Street Group LLC raised its stake in 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 last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Zhihu by 83.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 150,848 shares of the company’s stock worth $534,000 after acquiring an additional 68,458 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Zhihu in the third quarter worth $212,000. Finally, XTX Topco Ltd bought a new position in shares of Zhihu during the third quarter valued at $151,000. Hedge funds and other institutional investors own 28.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Zhihu Trading Up 6.7 %

Zhihu stock opened at $5.62 on Thursday. Zhihu Inc. has a 12 month low of $2.55 and a 12 month high of $6.32. The stock has a fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $3.74. The firm has a market cap of $490.28 million, a price-to-earnings ratio of -10.03 and a beta of 0.20.

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.