Acadian Asset Management LLC Has $12.53 Million Stake in Zhihu Inc. Sponsored ADR $ZH

Key Points

• Acadian Asset Management LLC increased its holdings in Zhihu Inc. by 60.0%, acquiring an additional 1,102,401 shares and owning approximately 3.37% of the company.
• The stock price of Zhihu Inc. (NYSE: ZH) opened at $5.20, with a market capitalization of $453.71 million and a PE ratio of 23.62.
• A total of 28.92% of Zhihu's stock is held by institutional investors, indicating increased interest from hedge funds in the company's stock.

Acadian Asset Management LLC boosted its position in Zhihu Inc. Sponsored ADR (NYSE:ZH - Free Report) by 60.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,941,056 shares of the company's stock after purchasing an additional 1,102,401 shares during the period. Acadian Asset Management LLC owned approximately 3.37% of Zhihu worth $12,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its position in Zhihu by 1,769.9% in the first quarter. Cubist Systematic Strategies LLC now owns 190,786 shares of the company's stock worth $815,000 after purchasing an additional 180,583 shares during the period. Walleye Capital LLC lifted its position in Zhihu by 787.7% in the first quarter. Walleye Capital LLC now owns 126,426 shares of the company's stock worth $540,000 after purchasing an additional 112,184 shares during the period. Jump Financial LLC acquired a new stake in Zhihu in the first quarter worth approximately $431,000. Hsbc Holdings PLC acquired a new stake in Zhihu in the first quarter worth approximately $123,000. Finally, MY.Alpha Management HK Advisors Ltd acquired a new stake in shares of Zhihu during the 1st quarter valued at $7,231,000. 28.92% of the stock is currently owned by institutional investors and hedge funds.

Zhihu Price Performance

Shares of NYSE:ZH traded down $0.02 on Wednesday, reaching $5.22. 151,572 shares of the company traded hands, compared to its average volume of 499,068. Zhihu Inc. Sponsored ADR has a fifty-two week low of $3.13 and a fifty-two week high of $6.32. The company's 50 day moving average is $4.69 and its 200-day moving average is $4.33. The stock has a market capitalization of $455.81 million, a PE ratio of 23.77 and a beta of 0.22.

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.