Advisors Preferred LLC Makes New Investment in Zhihu Inc. (NYSE:ZH)

Advisors Preferred LLC bought a new position in shares of Zhihu Inc. (NYSE:ZH) during the fourth quarter, HoldingsChannel.com reports. The firm bought 10,878 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zhihu during the 3rd quarter worth approximately $27,000. Virtu Financial LLC bought a new position in Zhihu in the 3rd quarter valued at approximately $141,000. XTX Topco Ltd bought a new position in Zhihu in the 3rd quarter valued at approximately $151,000. Walleye Capital LLC bought a new position in Zhihu in the 3rd quarter valued at approximately $212,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Zhihu in the 3rd quarter valued at approximately $317,000. Institutional investors and hedge funds own 28.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their price objective on shares of Zhihu from $5.40 to $4.70 and set a “buy” rating for the company in a research note on Friday, November 29th.

Zhihu Stock Up 4.5 %

ZH stock opened at $3.61 on Friday. The company has a fifty day moving average price of $3.55 and a 200-day moving average price of $3.50. Zhihu Inc. has a 52-week low of $2.55 and a 52-week high of $5.28.

Zhihu (NYSE:ZH) last released its quarterly earnings results on Tuesday, November 26th. The company reported ($0.02) earnings per share (EPS) for the quarter. Zhihu had a negative net margin of 9.28% and a negative return on equity of 8.01%.

Zhihu Company Profile

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.