JPMorgan Chase & Co. cut its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 17.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,698,129 shares of the company's stock after selling 2,474,364 shares during the quarter. JPMorgan Chase & Co. owned about 3.07% of Kanzhun worth $161,434,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Kanzhun by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after purchasing an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in Kanzhun in the 4th quarter worth about $63,000. Virtu Financial LLC acquired a new stake in shares of Kanzhun in the fourth quarter valued at approximately $162,000. Wolverine Trading LLC bought a new stake in shares of Kanzhun during the 3rd quarter valued at $263,000. Finally, Quantbot Technologies LP bought a new stake in Kanzhun during the fourth quarter worth about $306,000. Institutional investors own 60.67% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on BZ shares. Sanford C. Bernstein reiterated a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays upped their price target on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Kanzhun presently has a consensus rating of "Moderate Buy" and an average target price of $21.71.
Check Out Our Latest Research Report on Kanzhun
Kanzhun Stock Performance
Kanzhun stock traded down $3.45 during midday trading on Friday, hitting $15.42. 14,103,431 shares of the company's stock were exchanged, compared to its average volume of 4,599,493. The stock has a 50-day moving average price of $17.12 and a two-hundred day moving average price of $15.45. The company has a market cap of $5.92 billion, a P/E ratio of 34.27 and a beta of 0.32. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74.
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.
Recommended Stories
Before you consider Kanzhun, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kanzhun wasn't on the list.
While Kanzhun currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
