Zhihu (NYSE:ZH) Upgraded at Wall Street Zen

Key Points

• Zhihu (NYSE:ZH) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen in a recent research report.
• The company's stock currently has a market cap of $436.16 million and shares opened at $5.00, down 4.5% on Friday.
• Institutional investors hold 28.92% of Zhihu's stock, with notable positions acquired by firms such as New York State Common Retirement Fund and Hsbc Holdings PLC.

Zhihu (NYSE:ZH - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Zhihu Stock Down 4.5%

Shares of NYSE:ZH opened at $5.00 on Friday. The firm has a market cap of $436.16 million, a price-to-earnings ratio of 22.71 and a beta of 0.22. Zhihu has a 12 month low of $3.13 and a 12 month high of $6.32. The company's fifty day simple moving average is $4.76 and its 200 day simple moving average is $4.33.

Institutional Trading of Zhihu

Several large investors have recently modified their holdings of ZH. Wolverine Trading LLC bought a new position in Zhihu in the fourth quarter valued at about $38,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Zhihu during the 1st quarter worth approximately $55,000. New York State Common Retirement Fund lifted its stake 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 purchasing an additional 20,478 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Zhihu in the second quarter valued at approximately $100,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Zhihu during the first quarter worth $123,000. 28.92% of the stock is owned by institutional investors and hedge funds.

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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