Vanguard Group Inc. Acquires 12,088,653 Shares of Zhihu Inc. (NYSE:ZH)

Vanguard Group Inc. boosted its holdings in shares of Zhihu Inc. (NYSE:ZH) by 204.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,004,665 shares of the company’s stock after acquiring an additional 12,088,653 shares during the quarter. Vanguard Group Inc.’s holdings in Zhihu were worth $18,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZH. Matthews International Capital Management LLC lifted its holdings in Zhihu by 77.2% during the third quarter. Matthews International Capital Management LLC now owns 25,770,807 shares of the company’s stock worth $26,802,000 after buying an additional 11,227,346 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Zhihu by 0.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 13,736,118 shares of the company’s stock worth $15,522,000 after purchasing an additional 95,891 shares during the last quarter. Bank of America Corp DE boosted its position in Zhihu by 13.2% during the first quarter. Bank of America Corp DE now owns 7,165,438 shares of the company’s stock valued at $9,100,000 after purchasing an additional 834,199 shares in the last quarter. UBS Group AG grew its stake in Zhihu by 2.0% in the first quarter. UBS Group AG now owns 5,406,929 shares of the company’s stock valued at $6,867,000 after purchasing an additional 105,691 shares during the last quarter. Finally, State Street Corp raised its holdings in Zhihu by 14.0% in the second quarter. State Street Corp now owns 3,557,408 shares of the company’s stock worth $4,020,000 after purchasing an additional 437,474 shares in the last quarter. 28.92% of the stock is currently owned by institutional investors.

Zhihu Stock Performance

NYSE:ZH opened at $0.70 on Monday. The stock has a market capitalization of $430.75 million, a P/E ratio of -3.68 and a beta of 0.28. The company’s 50-day simple moving average is $0.74 and its 200-day simple moving average is $0.88. Zhihu Inc. has a fifty-two week low of $0.65 and a fifty-two week high of $1.36.

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 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.