M&G Investment Management Ltd. purchased a new stake in shares of Zhihu Inc. (NYSE:ZH) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 600,000 shares of the company’s stock, valued at approximately $4,800,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new stake in shares of Zhihu during the first quarter valued at approximately $162,000. Trivest Advisors Ltd purchased a new position in Zhihu during the first quarter valued at $435,000. Artisan Partners Limited Partnership purchased a new position in Zhihu during the first quarter valued at $1,622,000. Barings LLC purchased a new position in Zhihu during the first quarter valued at $30,177,000. Finally, BlackRock Inc. purchased a new position in Zhihu during the first quarter valued at $48,661,000. Institutional investors own 5.78% of the company’s stock.
A number of brokerages have issued reports on ZH. JPMorgan Chase & Co. began coverage on Zhihu in a research note on Tuesday, April 27th. They set an “overweight” rating and a $16.00 price objective for the company. CICC Research began coverage on Zhihu in a research note on Wednesday, June 2nd. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group started coverage on Zhihu in a research note on Tuesday, April 20th. They set a “buy” rating and a $15.60 price objective for the company.
Zhihu (NYSE:ZH) last posted its quarterly earnings data on Monday, May 17th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.35). The company had revenue of $73.00 million during the quarter, compared to the consensus estimate of $70.97 million. As a group, research analysts expect that Zhihu Inc. will post -0.07 EPS for the current fiscal year.
Zhihu Inc operates an online content community platform in the People's Republic of China. The company's community allows people to seek inspiration, find solutions, make decisions, and have fun. It also offers technology, business support, and consulting services; information and marketing services; and Internet services.
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