1,693,544 Shares in Zhihu Inc. Sponsored ADR $ZH Purchased by MY.Alpha Management HK Advisors Ltd

Key Points

• MY.Alpha Management HK Advisors Ltd acquired 1,693,544 shares of Zhihu Inc. Sponsored ADR, valued at approximately $7.2 million, representing 3.6% of its investment portfolio.
• In the first quarter, National Bank of Canada FI significantly increased its holdings in Zhihu by over 20 million percent, acquiring an additional 200,900 shares.
• Zhihu's current stock price is $4.19, with a market capitalization of $365.87 million and a 12-month price range of $3.03 to $6.32.

MY.Alpha Management HK Advisors Ltd acquired a new stake in shares of Zhihu Inc. Sponsored ADR (NYSE:ZH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,693,544 shares of the company's stock, valued at approximately $7,231,000. Zhihu makes up 3.6% of MY.Alpha Management HK Advisors Ltd's investment portfolio, making the stock its 11th largest holding. MY.Alpha Management HK Advisors Ltd owned approximately 1.94% of Zhihu at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wolverine Trading LLC purchased a new position in shares of Zhihu during the fourth quarter valued at about $38,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Zhihu during the first quarter valued at about $55,000. Russell Investments Group Ltd. purchased a new position in Zhihu in the fourth quarter worth about $67,000. New York State Common Retirement Fund grew its position in Zhihu by 64.7% in the first quarter. New York State Common Retirement Fund now owns 52,144 shares of the company's stock worth $223,000 after acquiring an additional 20,478 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Zhihu in the fourth quarter worth about $242,000. Hedge funds and other institutional investors own 28.92% of the company's stock.

Zhihu Stock Down 3.7%

ZH traded down $0.1850 on Friday, hitting $4.7750. The company had a trading volume of 348,366 shares, compared to its average volume of 359,008. The company has a market cap of $416.94 million, a PE ratio of -238.75 and a beta of 0.21. Zhihu Inc. Sponsored ADR has a 12-month low of $3.03 and a 12-month high of $6.32. The business's fifty day simple moving average is $4.36 and its 200 day simple moving average is $4.32.

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.