Zhihu (NYSE:ZH) Trading 2.8% Higher

Zhihu Inc. (NYSE:ZHGet Rating)’s stock price traded up 2.8% on Wednesday . The company traded as high as $1.35 and last traded at $1.31. 30,908 shares changed hands during trading, a decline of 98% from the average session volume of 1,985,257 shares. The stock had previously closed at $1.27.

Zhihu Trading Up 3.0 %

The stock has a market cap of $886.16 million, a price-to-earnings ratio of -3.02 and a beta of 0.15. The stock’s 50 day moving average is $1.10 and its two-hundred day moving average is $1.38.

Zhihu (NYSE:ZHGet Rating) last released its earnings results on Tuesday, August 30th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.03. Zhihu had a negative net margin of 51.27% and a negative return on equity of 26.75%. The company had revenue of $124.81 million during the quarter, compared to analysts’ expectations of $125.97 million. On average, sell-side analysts predict that Zhihu Inc. will post -0.49 EPS for the current year.

Institutional Trading of Zhihu

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SNC acquired a new stake in shares of Zhihu in the third quarter valued at about $177,000. State Street Corp lifted its stake in shares of Zhihu by 66.5% in the third quarter. State Street Corp now owns 1,840,510 shares of the company’s stock valued at $1,951,000 after purchasing an additional 734,997 shares during the period. Vanguard Group Inc. lifted its stake in shares of Zhihu by 0.3% in the third quarter. Vanguard Group Inc. now owns 5,641,947 shares of the company’s stock valued at $5,980,000 after purchasing an additional 14,245 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Zhihu in the third quarter valued at about $277,000. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of Zhihu in the third quarter valued at about $183,000. Institutional investors and hedge funds own 20.87% of the company’s stock.

Zhihu Company Profile

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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 also offers technology, business support, and consulting services; information transmission, software, and information technology services; information and marketing services; vocational training; and internet services, as well as holds audio-visual permit.

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