Korea Investment CORP lifted its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 118.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,590 shares of the company's stock after purchasing an additional 96,900 shares during the period. Korea Investment CORP's holdings in Kanzhun were worth $2,465,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in BZ. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Kanzhun by 8.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 521,349 shares of the company's stock worth $7,195,000 after acquiring an additional 40,667 shares in the last quarter. Vanguard Group Inc. grew its position in Kanzhun by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after purchasing an additional 1,885,658 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Kanzhun during the 4th quarter worth approximately $773,000. Virtu Financial LLC acquired a new stake in Kanzhun during the 4th quarter valued at $162,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Kanzhun in the fourth quarter valued at $306,000. 60.67% of the stock is currently owned by institutional investors.
Kanzhun Stock Down 18.3 %
BZ stock traded down $3.45 during midday trading on Friday, hitting $15.42. 14,103,431 shares of the company traded hands, compared to its average volume of 4,599,493. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 34.27 and a beta of 0.32. The business has a 50 day simple moving average of $17.12 and a 200-day simple moving average of $15.45.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Barclays lifted their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.
View Our Latest Analysis 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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