National Bank of Canada FI Acquires 200,900 Shares of Zhihu Inc. Sponsored ADR $ZH

Key Points

• National Bank of Canada FI significantly increased its stake in Zhihu Inc. by 20,090,000.0%, holding 200,901 shares worth $858,000 as of the end of the first quarter.
• Other hedge funds have also increased positions in Zhihu, with New York State Common Retirement Fund raising its stake by 64.7% during the same period.
• Zhihu's stock is currently priced at $4.19, with a market capitalization of $365.87 million and a P/E ratio of -209.50.

National Bank of Canada FI raised its stake in Zhihu Inc. Sponsored ADR (NYSE:ZH - Free Report) by 20,090,000.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,901 shares of the company's stock after acquiring an additional 200,900 shares during the quarter. National Bank of Canada FI owned about 0.23% of Zhihu worth $858,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Zhihu in the 1st quarter valued at about $55,000. New York State Common Retirement Fund raised its holdings in Zhihu by 64.7% in the 1st quarter. New York State Common Retirement Fund now owns 52,144 shares of the company's stock valued at $223,000 after acquiring an additional 20,478 shares during the period. PFG Investments LLC bought a new position in Zhihu in the 1st quarter valued at about $327,000. Wolverine Trading LLC bought a new position in Zhihu in the 4th quarter valued at about $38,000. Finally, Nomura Holdings Inc. raised its holdings in Zhihu by 95.7% in the 4th quarter. Nomura Holdings Inc. now owns 146,764 shares of the company's stock valued at $520,000 after acquiring an additional 71,764 shares during the period. 28.92% of the stock is owned by institutional investors.

Zhihu Stock Up 4.4%

Shares of ZH traded up $0.2150 during mid-day trading on Tuesday, hitting $5.1150. 1,056,904 shares of the company's stock were exchanged, compared to its average volume of 513,713. Zhihu Inc. Sponsored ADR has a 52 week low of $3.03 and a 52 week high of $6.32. The stock's 50-day simple moving average is $4.28 and its 200-day simple moving average is $4.29. The firm has a market cap of $446.64 million, a price-to-earnings ratio of -255.75 and a beta of 0.21.

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.