HCEP Management Ltd boosted its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 200.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,000,000 shares of the company's stock after buying an additional 2,000,000 shares during the quarter. Kanzhun accounts for approximately 33.1% of HCEP Management Ltd's investment portfolio, making the stock its largest position. HCEP Management Ltd owned 0.79% of Kanzhun worth $41,400,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after acquiring an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in Kanzhun in the 4th quarter worth approximately $63,000. Virtu Financial LLC purchased a new stake in Kanzhun during the 4th quarter worth approximately $162,000. Premier Fund Managers Ltd lifted its stake in Kanzhun by 25.4% during the 4th quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company's stock valued at $180,000 after acquiring an additional 2,661 shares during the period. Finally, Wolverine Trading LLC acquired a new position in Kanzhun in the third quarter valued at approximately $263,000. 60.67% of the stock is owned by hedge funds and other institutional investors.
Kanzhun Price Performance
NASDAQ BZ traded down $0.89 on Thursday, reaching $14.36. The company had a trading volume of 2,770,645 shares, compared to its average volume of 4,655,334. The firm has a 50-day moving average of $17.11 and a 200-day moving average of $15.48. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The firm has a market capitalization of $5.52 billion, a PE ratio of 31.82 and a beta of 0.32.
Wall Street Analyst Weigh In
Several research analysts recently commented on BZ shares. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays upped their target price on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.71.
Check Out Our Latest Report on Kanzhun
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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