Bamco Inc. NY grew its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 11.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,195,825 shares of the company's stock after acquiring an additional 222,160 shares during the quarter. Bamco Inc. NY owned about 0.58% of Kanzhun worth $38,120,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Atlas Capital Advisors LLC purchased a new stake in Kanzhun in the 2nd quarter worth about $25,000. UMB Bank n.a. bought a new stake in shares of Kanzhun in the third quarter valued at approximately $42,000. Summit Securities Group LLC purchased a new stake in shares of Kanzhun during the 2nd quarter valued at approximately $44,000. Van ECK Associates Corp purchased a new position in Kanzhun in the 3rd quarter valued at approximately $61,000. Finally, Blue Trust Inc. raised its holdings in Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock valued at $134,000 after acquiring an additional 1,347 shares during the period. 60.67% of the stock is currently owned by institutional investors.
Kanzhun Stock Up 0.7 %
Shares of NASDAQ BZ traded up $0.10 during midday trading on Tuesday, hitting $14.10. The stock had a trading volume of 941,141 shares, compared to its average volume of 4,123,823. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The company has a market cap of $5.35 billion, a P/E ratio of 32.56 and a beta of 0.50. The business's 50 day moving average is $15.09 and its 200-day moving average is $16.07.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Barclays dropped their price target on Kanzhun from $27.00 to $14.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. CLSA began coverage on shares of Kanzhun in a research report on Monday, November 18th. They issued an "outperform" rating and a $18.00 price objective on the stock. Finally, Citigroup lowered their price target on Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Friday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.57.
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About Kanzhun
(
Free Report)
Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.
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