Renaissance Technologies LLC Has $239,000 Position in Zhihu Inc. (NYSE:ZH)

Renaissance Technologies LLC reduced its stake in shares of Zhihu Inc. (NYSE:ZH) by 83.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,611 shares of the company’s stock after selling 438,089 shares during the quarter. Renaissance Technologies LLC owned approximately 0.09% of Zhihu worth $239,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ZH. Nomura Holdings Inc. lifted its stake in Zhihu by 17.6% in the fourth quarter. Nomura Holdings Inc. now owns 450,000 shares of the company’s stock valued at $421,000 after acquiring an additional 67,200 shares during the last quarter. Matthews International Capital Management LLC lifted its stake in Zhihu by 5.7% in the first quarter. Matthews International Capital Management LLC now owns 32,571,129 shares of the company’s stock valued at $22,275,000 after acquiring an additional 1,753,312 shares during the last quarter. Alibaba Group Holding Ltd acquired a new stake in Zhihu in the first quarter valued at approximately $7,158,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Zhihu in the first quarter valued at approximately $1,435,000. Finally, Acadian Asset Management LLC acquired a new stake in Zhihu in the second quarter valued at approximately $740,000. 28.92% of the stock is currently owned by institutional investors and hedge funds.

Zhihu Stock Up 1.5 %

NYSE ZH opened at $3.94 on Friday. The stock has a market capitalization of $393.65 million, a PE ratio of -4.38 and a beta of 0.18. The company has a 50 day moving average price of $3.43 and a two-hundred day moving average price of $3.50. Zhihu Inc. has a 12-month low of $2.55 and a 12-month high of $6.36.

Zhihu (NYSE:ZH) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.12) earnings per share for the quarter. Zhihu had a negative return on equity of 13.51% and a negative net margin of 15.49%. The firm had revenue of $128.50 million during the quarter.

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.