Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,977 shares of the company's stock after selling 199,772 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Kanzhun were worth $2,401,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of BZ. PNC Financial Services Group Inc. boosted its position in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after acquiring an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Kanzhun during the 4th quarter valued at approximately $63,000. Premier Fund Managers Ltd boosted its position in Kanzhun by 38.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company's stock valued at $180,000 after acquiring an additional 2,884 shares in the last quarter. DRW Securities LLC bought a new stake in Kanzhun during the 3rd quarter valued at approximately $203,000. Finally, Hancock Whitney Corp bought a new stake in Kanzhun during the 3rd quarter valued at approximately $228,000. Hedge funds and other institutional investors own 60.67% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on BZ shares. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Citigroup dropped their price target on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, November 29th. Finally, Barclays boosted their price target on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $21.71.
Check Out Our Latest Research Report on Kanzhun
Kanzhun Trading Down 1.5 %
BZ stock traded down $0.31 during midday trading on Friday, hitting $19.98. The company's stock had a trading volume of 4,930,619 shares, compared to its average volume of 4,173,787. The company has a market cap of $7.61 billion, a PE ratio of 44.40 and a beta of 0.46. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The firm's 50-day moving average is $16.17 and its 200-day moving average is $14.93.
Kanzhun Company Profile
(
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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