Jane Street Group LLC Reduces Position in Zhihu Inc. (NYSE:ZH)

Jane Street Group LLC decreased its holdings in shares of Zhihu Inc. (NYSE:ZH - Free Report) by 80.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,406 shares of the company's stock after selling 140,975 shares during the quarter. Jane Street Group LLC's holdings in Zhihu were worth $122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its stake in Zhihu by 172.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 603,673 shares of the company's stock worth $2,137,000 after purchasing an additional 382,039 shares in the last quarter. E Fund Management Co. Ltd. lifted its stake in Zhihu by 83.1% in the fourth quarter. E Fund Management Co. Ltd. now owns 150,848 shares of the company's stock worth $534,000 after acquiring an additional 68,458 shares during the period. FIL Ltd purchased a new stake in Zhihu in the fourth quarter worth about $454,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Zhihu by 55.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 81,433 shares of the company's stock worth $288,000 after acquiring an additional 28,943 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in Zhihu by 93.8% in the fourth quarter. New York State Common Retirement Fund now owns 31,666 shares of the company's stock worth $112,000 after acquiring an additional 15,325 shares during the period. 28.92% of the stock is currently owned by hedge funds and other institutional investors.

Zhihu Price Performance

NYSE:ZH opened at $4.02 on Friday. Zhihu Inc. has a 1-year low of $2.55 and a 1-year high of $6.32. The company has a 50-day moving average of $3.86 and a 200 day moving average of $4.04. The firm has a market cap of $350.58 million, a PE ratio of -7.17 and a beta of 0.17.

Zhihu (NYSE:ZH - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $0.14 earnings per share (EPS) for the quarter. Zhihu had a negative return on equity of 8.01% and a negative net margin of 9.28%. The business had revenue of $117.71 million for the quarter.

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.

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