Geode Capital Management LLC increased its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,889,447 shares of the company's stock after buying an additional 67,319 shares during the period. Geode Capital Management LLC owned 0.50% of Kanzhun worth $25,929,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company's stock valued at $7,824,000 after acquiring an additional 166,683 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Kanzhun during the 4th quarter worth approximately $333,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Kanzhun by 112.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock valued at $2,769,000 after buying an additional 106,226 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Kanzhun in the third quarter valued at approximately $1,430,000. Finally, Nan Fung Trinity HK Ltd. acquired a new stake in shares of Kanzhun during the fourth quarter worth $24,521,000. Institutional investors own 60.67% of the company's stock.
Kanzhun Price Performance
Shares of BZ traded down $0.28 during trading hours on Monday, hitting $13.62. The stock had a trading volume of 2,007,856 shares, compared to its average volume of 4,700,658. The firm has a 50 day simple moving average of $16.99 and a 200-day simple moving average of $15.34. The firm has a market capitalization of $5.25 billion, a P/E ratio of 30.27 and a beta of 0.32. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on BZ shares. Barclays lifted their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $21.71.
Read Our Latest Analysis on BZ
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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