Jane Street Group LLC Raises Stake in Zhihu Inc. (NYSE:ZH)

Jane Street Group LLC raised its position in Zhihu Inc. (NYSE:ZH) by 65.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,381 shares of the company’s stock after purchasing an additional 69,160 shares during the period. Jane Street Group LLC’s holdings in Zhihu were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ZH. Acadian Asset Management LLC purchased a new stake in shares of Zhihu during the 2nd quarter worth approximately $740,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Zhihu during the 3rd quarter worth $317,000. Walleye Capital LLC purchased a new stake in Zhihu in the third quarter valued at $212,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Zhihu in the third quarter valued at $27,000. 28.92% of the stock is currently owned by institutional investors and hedge funds.

Zhihu Trading Up 0.8 %

Shares of NYSE ZH opened at $3.57 on Friday. The stock has a market cap of $311.72 million, a P/E ratio of -6.38 and a beta of 0.21. The stock has a 50 day moving average of $3.63 and a two-hundred day moving average of $3.42. Zhihu Inc. has a twelve month low of $2.55 and a twelve month high of $5.46.

Wall Street Analysts Forecast Growth

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

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.