Oaktree Capital Management LP cut its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,762,631 shares of the company's stock after selling 248,943 shares during the quarter. Oaktree Capital Management LP owned 0.46% of Kanzhun worth $24,324,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in Kanzhun by 107.5% in the fourth 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 in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in Kanzhun during the fourth quarter worth $63,000. Virtu Financial LLC acquired a new stake in Kanzhun in the fourth quarter valued at $162,000. Premier Fund Managers Ltd increased its position in shares of Kanzhun by 25.4% in the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company's stock valued at $180,000 after buying an additional 2,661 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new stake in shares of Kanzhun in the 3rd quarter worth about $263,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Kanzhun Stock Down 0.8 %
Shares of NASDAQ:BZ traded down $0.16 during trading on Thursday, reaching $18.84. The stock had a trading volume of 1,509,711 shares, compared to its average volume of 4,545,474. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The business has a fifty day moving average price of $17.02 and a 200-day moving average price of $15.36. The stock has a market cap of $7.18 billion, a P/E ratio of 41.87 and a beta of 0.46.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the stock. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Barclays raised their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.
Check Out Our Latest Stock Report on BZ
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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