Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys Shares of 12,798 Zhihu Inc. Sponsored ADR (NYSE:ZH)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Zhihu Inc. Sponsored ADR (NYSE:ZH) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,798 shares of the company’s stock, valued at approximately $55,000.

Other large investors have also recently bought and sold shares of the company. New York State Common Retirement Fund boosted its holdings in shares of Zhihu by 64.7% during the first quarter. New York State Common Retirement Fund now owns 52,144 shares of the company’s stock worth $223,000 after purchasing an additional 20,478 shares during the last quarter. PFG Investments LLC purchased a new position in Zhihu in the first quarter valued at about $327,000. Wolverine Trading LLC purchased a new position in Zhihu in the fourth quarter valued at about $38,000. Nomura Holdings Inc. raised its position in Zhihu by 95.7% in the fourth quarter. Nomura Holdings Inc. now owns 146,764 shares of the company’s stock valued at $520,000 after purchasing an additional 71,764 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Zhihu during the fourth quarter worth about $242,000. Institutional investors and hedge funds own 28.92% of the company’s stock.

Zhihu Stock Performance

Shares of NYSE ZH opened at $4.13 on Tuesday. The firm has a market cap of $360.20 million, a price-to-earnings ratio of -206.25 and a beta of 0.21. Zhihu Inc. Sponsored ADR has a 1 year low of $3.01 and a 1 year high of $6.32. The stock’s 50-day simple moving average is $4.19 and its 200-day simple moving average is $4.23.

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.