Nomura Asset Management Co. Ltd. increased its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 7,012.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,325,929 shares of the company's stock after buying an additional 2,293,229 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.61% of Kanzhun worth $40,378,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC acquired a new position in Kanzhun in the 2nd quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in shares of Kanzhun during the second quarter worth approximately $44,000. UMB Bank n.a. purchased a new stake in shares of Kanzhun during the third quarter worth approximately $42,000. Van ECK Associates Corp acquired a new stake in shares of Kanzhun during the third quarter worth $61,000. Finally, Blue Trust Inc. grew its position in Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock valued at $134,000 after buying an additional 1,347 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on BZ shares. Barclays raised their target price on shares of Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday. Citigroup lowered their price objective on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Sanford C. Bernstein downgraded Kanzhun from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $19.00 to $15.00 in a research note on Monday. Finally, CLSA started coverage on Kanzhun in a research note on Monday, November 18th. They issued an "outperform" rating and a $18.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Kanzhun presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.
Read Our Latest Stock Report on Kanzhun
Kanzhun Price Performance
BZ traded down $1.23 during trading on Tuesday, reaching $14.11. 8,790,590 shares of the stock were exchanged, compared to its average volume of 4,155,358. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 32.81 and a beta of 0.50. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The business's 50 day moving average price is $14.82 and its two-hundred day moving average price is $15.74.
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.
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