Fintel reports that Liu Chengcheng has filed a 13G/A form with the SEC disclosing ownership of 60.60MM shares of 36Kr Holdings Inc. (KRKR). This represents 6.2% of the company.
In their previous filing dated February 13, 2020 they reported 58.75MM shares and 6.30% of the company, an increase in shares of 3.15% and a decrease in total ownership of 0.10% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 81.61% Upside
As of February 10, 2023, the average one-year price target for 36Kr Holdings is $2.23. The forecasts range from a low of $1.77 to a high of $2.76. The average price target represents an increase of 81.61% from its latest reported closing price of $1.23.
The projected annual revenue for 36Kr Holdings is $484MM, an increase of 41.54%. The projected annual EPS is $1.02, a decrease of 26.73%.
What is the Fund Sentiment?
There are 10 funds or institutions reporting positions in 36Kr Holdings. This is an increase of 2 owner(s) or 25.00% in the last quarter. Average portfolio weight of all funds dedicated to KRKR is 0.00%, an increase of 791.33%. Total shares owned by institutions increased in the last three months by 54.44% to 87K shares.
What are large shareholders doing?
Renaissance Technologies holds 37K shares representing 0.09% ownership of the company. In it's prior filing, the firm reported owning 29K shares, representing an increase of 21.31%. The firm increased its portfolio allocation in KRKR by 35.43% over the last quarter.
Susquehanna International Group, Llp holds 27K shares representing 0.07% ownership of the company.
Two Sigma Securities holds 17K shares representing 0.04% ownership of the company.
UBS Group holds 6K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 12K shares, representing a decrease of 98.92%. The firm decreased its portfolio allocation in KRKR by 53.58% over the last quarter.
FNCMX - Fidelity Nasdaq Composite Index Fund holds 1K shares representing 0.00% ownership of the company. No change in the last quarter.
36Kr Holdings Background Information
(This description is provided by the company.)
36Kr is a leading brand and pioneering platform committed to serving China's new economy participants, with a mission to empower new economy participants to step up to a higher level, connect and serve new economy communities including start-ups, TMT giants, traditional enterprises, institutional investors, local governments, and individual users, accelerate the sharing and exchange of information, talent, capital and technology, and drive a rapid, stable, and sustainable development of the new economy sectors. 36Kr's business is mainly divided into three segments: online advertising services, enterprise value-added services, and subscription services. Since it was founded 10 years ago, 36Kr has established an enterprise database covering more than 840,000 companies, and served thousands of customers.
This story originally appeared on Fintel.
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