State Street Corp Sells 10,235 Shares of Zhihu Inc. (NYSE:ZH)

State Street Corp decreased its stake in shares of Zhihu Inc. (NYSE:ZH) by 8.1% during the third quarter, HoldingsChannel.com reports. The fund owned 115,584 shares of the company’s stock after selling 10,235 shares during the period. State Street Corp’s holdings in Zhihu were worth $445,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Zhihu during the second quarter worth approximately $740,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Zhihu in the third quarter valued at approximately $317,000. Walleye Capital LLC acquired a new stake in shares of Zhihu in the third quarter worth $212,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zhihu during the 3rd quarter worth $27,000. 28.92% of the stock is owned by institutional investors.

Zhihu Stock Up 0.8 %

Shares of NYSE ZH opened at $3.57 on Friday. Zhihu Inc. has a 12 month low of $2.55 and a 12 month high of $5.46. The company has a market cap of $311.72 million, a P/E ratio of -6.38 and a beta of 0.21. The business’s 50 day moving average is $3.63 and its two-hundred day moving average is $3.42.

Wall Street Analyst Weigh In

Separately, Citigroup cut their target price on shares of Zhihu from $5.40 to $4.70 and set a “buy” rating for the company 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.