10,878 Shares in Zhihu Inc. (NYSE:ZH) Bought by Advisors Preferred LLC

Advisors Preferred LLC bought a new position in Zhihu Inc. (NYSE:ZH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,878 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ZH. Barclays PLC acquired a new position in Zhihu in the 3rd quarter worth $511,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Zhihu during the 3rd quarter worth about $317,000. Jane Street Group LLC lifted its position in Zhihu by 65.1% during the 3rd quarter. Jane Street Group LLC now owns 175,381 shares of the company’s stock worth $675,000 after buying an additional 69,160 shares in the last quarter. Walleye Capital LLC bought a new stake in Zhihu during the 3rd quarter worth about $212,000. Finally, XTX Topco Ltd bought a new stake in Zhihu during the 3rd quarter worth about $151,000. 28.92% of the stock is owned by institutional investors and hedge funds.

Zhihu Price Performance

Shares of NYSE:ZH opened at $3.61 on Friday. The company’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $3.50. Zhihu Inc. has a one year low of $2.55 and a one year high of $5.28.

Zhihu (NYSE:ZH) last issued its earnings results on Tuesday, November 26th. The company reported ($0.02) earnings per share (EPS) for the quarter. Zhihu had a negative net margin of 9.28% and a negative return on equity of 8.01%.

Analyst Upgrades and Downgrades

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

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.