MY.Alpha Management HK Advisors Ltd Takes Position in Zhihu Inc. Sponsored ADR $ZH

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 bought a new stake in shares of Zhihu Inc. Sponsored ADR (NYSE:ZH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,693,544 shares of the company's stock, valued at approximately $7,231,000. Zhihu accounts for approximately 3.6% of MY.Alpha Management HK Advisors Ltd's portfolio, making the stock its 11th biggest holding. MY.Alpha Management HK Advisors Ltd owned about 1.94% of Zhihu as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI lifted its position in shares of Zhihu by 20,090,000.0% during the 1st quarter. National Bank of Canada FI now owns 200,901 shares of the company's stock worth $858,000 after buying an additional 200,900 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Zhihu during the 1st quarter worth $327,000. Nomura Holdings Inc. lifted its position in shares of Zhihu by 95.7% during the 4th quarter. Nomura Holdings Inc. now owns 146,764 shares of the company's stock worth $520,000 after buying an additional 71,764 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Zhihu during the 4th quarter worth $242,000. Finally, New York State Common Retirement Fund lifted its position in shares of Zhihu by 64.7% during the 1st quarter. New York State Common Retirement Fund now owns 52,144 shares of the company's stock worth $223,000 after buying an additional 20,478 shares during the last quarter. 28.92% of the stock is currently owned by institutional investors.

Zhihu Price Performance

Shares of ZH stock traded down $0.1850 on Friday, hitting $4.7750. 348,115 shares of the company's stock were exchanged, compared to its average volume of 512,822. Zhihu Inc. Sponsored ADR has a 12 month low of $3.03 and a 12 month high of $6.32. The stock has a market cap of $416.95 million, a P/E ratio of -238.75 and a beta of 0.21. The company has a 50 day moving average of $4.34 and a 200 day moving average of $4.31.

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.