Zhihu (NYSE:ZH) Shares Down 5.1%

Zhihu Inc. (NYSE:ZH) shares traded down 5.1% during mid-day trading on Thursday . The company traded as low as $4.90 and last traded at $5.06. 11,462 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 2,299,664 shares. The stock had previously closed at $5.33.

A number of equities analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Zhihu in a research report on Friday, October 29th. They issued a “buy” rating and a $13.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Zhihu in a research report on Thursday, December 30th. They issued a “buy” rating and a $10.40 target price for the company. China Renaissance Securities assumed coverage on shares of Zhihu in a research report on Tuesday, October 12th. They issued a “buy” rating and a $13.00 target price for the company. Finally, Zacks Investment Research lowered shares of Zhihu from a “hold” rating to a “sell” rating in a research report on Wednesday, December 1st. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. According to data from MarketBeat, Zhihu currently has an average rating of “Buy” and a consensus target price of $13.67.

The company’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $8.82.

A number of hedge funds have recently bought and sold shares of ZH. Advisor Group Holdings Inc. purchased a new stake in Zhihu during the second quarter valued at about $134,000. BlackRock Inc. lifted its position in shares of Zhihu by 13.7% in the second quarter. BlackRock Inc. now owns 6,823,979 shares of the company’s stock worth $92,532,000 after purchasing an additional 823,979 shares in the last quarter. Barings LLC lifted its position in shares of Zhihu by 6.2% in the second quarter. Barings LLC now owns 3,953,404 shares of the company’s stock worth $53,608,000 after purchasing an additional 232,500 shares in the last quarter. HAP Trading LLC purchased a new stake in shares of Zhihu in the second quarter worth approximately $338,000. Finally, Krane Funds Advisors LLC purchased a new stake in shares of Zhihu in the second quarter worth approximately $57,335,000. 16.57% of the stock is owned by institutional investors.

About Zhihu (NYSE:ZH)

Zhihu Inc operates an online content community platform in the People's Republic of China. The company's community allows people to seek inspiration, find solutions, make decisions, and have fun. It also offers technology, business support, and consulting services; information and marketing services; and Internet services.

Further Reading: Dividend Kings

Receive News & Ratings for Zhihu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zhihu and related companies with MarketBeat.com's FREE daily email newsletter.