Kanzhun Limited (NASDAQ:BZ - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.31, but opened at $13.75. Kanzhun shares last traded at $14.09, with a volume of 1,042,146 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Barclays increased their price target on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.
Read Our Latest Research Report on BZ
Kanzhun Price Performance
The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 32.31 and a beta of 0.32. The company's 50 day moving average is $17.09 and its 200 day moving average is $15.47.
Hedge Funds Weigh In On Kanzhun
Several hedge funds and other institutional investors have recently bought and sold shares of BZ. Quadrant Capital Group LLC grew its position in shares of Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after purchasing an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after buying an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Kanzhun during the fourth quarter worth $63,000. Townsquare Capital LLC acquired a new position in shares of Kanzhun in the fourth quarter worth $157,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Kanzhun in the fourth quarter valued at $160,000. 60.67% of the stock is owned by institutional investors and hedge funds.
Kanzhun Company Profile
(
Get 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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