KLP Kapitalforvaltning AS purchased a new position in Kanzhun Limited (NASDAQ:BZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 56,000 shares of the company's stock, valued at approximately $773,000.
Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in Kanzhun during the 4th quarter worth approximately $63,000. Virtu Financial LLC purchased a new stake in Kanzhun during the 4th quarter worth approximately $162,000. Wolverine Trading LLC acquired a new position in shares of Kanzhun during the third quarter valued at approximately $263,000. Finally, Quantbot Technologies LP purchased a new position in shares of Kanzhun in the fourth quarter valued at approximately $306,000. 60.67% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently commented on the company. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays upped their target price on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.71.
Get Our Latest Stock Report on BZ
Kanzhun Stock Performance
Shares of NASDAQ BZ traded down $3.45 during trading on Friday, hitting $15.42. 14,103,431 shares of the company were exchanged, compared to its average volume of 4,599,493. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The company has a fifty day moving average price of $17.12 and a 200-day moving average price of $15.43. The firm has a market capitalization of $5.92 billion, a PE ratio of 34.27 and a beta of 0.32.
Kanzhun Profile
(
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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