OPTIMAS CAPITAL Ltd purchased a new position in Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,000 shares of the company's stock, valued at approximately $952,000. Kanzhun makes up 1.3% of OPTIMAS CAPITAL Ltd's investment portfolio, making the stock its 23rd biggest holding.
Several other institutional investors and hedge funds also recently modified their holdings of BZ. PNC Financial Services Group Inc. lifted its holdings 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 valued at $41,000 after purchasing an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Kanzhun during the fourth quarter valued at $63,000. Premier Fund Managers Ltd lifted its holdings in shares of Kanzhun by 38.0% during the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company's stock valued at $180,000 after purchasing an additional 2,884 shares during the last quarter. DRW Securities LLC purchased a new stake in shares of Kanzhun during the third quarter valued at $203,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Kanzhun during the third quarter valued at $228,000. Institutional investors own 60.67% of the company's stock.
Kanzhun Stock Down 1.5 %
Shares of BZ traded down $0.31 during midday trading on Friday, reaching $19.98. 4,930,619 shares of the stock were exchanged, compared to its average volume of 4,173,787. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The firm has a 50 day simple moving average of $16.17 and a 200-day simple moving average of $14.93. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 44.40 and a beta of 0.46.
Analysts Set New Price Targets
Several brokerages have recently commented on BZ. Citigroup reduced their target price on Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a report on Friday, November 29th. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Finally, Barclays increased their price objective on 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.71.
View Our Latest Research Report 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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