Zhihu Inc. Sponsored ADR (NYSE:ZH) Shares Sold by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lessened its holdings in shares of Zhihu Inc. Sponsored ADR (NYSE:ZH) by 25.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 113,099 shares of the company’s stock after selling 37,749 shares during the quarter. Zhihu makes up 0.4% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 27th largest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Zhihu were worth $483,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wolverine Trading LLC acquired a new position in shares of Zhihu during the 4th quarter valued at $38,000. Russell Investments Group Ltd. purchased a new stake in Zhihu in the 4th quarter worth about $67,000. New York State Common Retirement Fund grew its position in Zhihu by 93.8% during the fourth quarter. New York State Common Retirement Fund now owns 31,666 shares of the company’s stock valued at $112,000 after purchasing an additional 15,325 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Zhihu during the 4th quarter valued at $242,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Zhihu by 55.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 81,433 shares of the company’s stock worth $288,000 after acquiring an additional 28,943 shares during the last quarter. 28.92% of the stock is owned by institutional investors.

Zhihu Stock Performance

Shares of NYSE ZH opened at $3.55 on Tuesday. The business has a 50 day simple moving average of $3.89 and a 200 day simple moving average of $4.05. Zhihu Inc. Sponsored ADR has a 52 week low of $2.55 and a 52 week high of $6.32. The stock has a market cap of $309.99 million, a price-to-earnings ratio of -177.50 and a beta of 0.17.

Zhihu (NYSE:ZH) last posted its earnings results on Wednesday, March 26th. The company reported $0.14 EPS for the quarter. The company had revenue of $117.71 million during the quarter. Zhihu had a negative net margin of 0.52% and a negative return on equity of 0.41%.

Zhihu 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.