Prudential PLC increased its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 52.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,691 shares of the company's stock after purchasing an additional 48,938 shares during the quarter. Prudential PLC's holdings in Kanzhun were worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in 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 buying an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in shares of Kanzhun in the 4th quarter valued at about $63,000. Virtu Financial LLC purchased a new stake in shares of Kanzhun in the fourth quarter worth approximately $162,000. Premier Fund Managers Ltd boosted its holdings in shares of Kanzhun by 25.4% during the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company's stock worth $180,000 after purchasing an additional 2,661 shares during the period. Finally, Wolverine Trading LLC purchased a new position in Kanzhun during the third quarter valued at approximately $263,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Barclays boosted their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a research note 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.71.
Get Our Latest Stock Report on BZ
Kanzhun Price Performance
Shares of BZ stock traded down $0.52 during trading on Friday, reaching $13.79. The company had a trading volume of 3,371,966 shares, compared to its average volume of 4,670,249. The firm's 50 day simple moving average is $17.10 and its two-hundred day simple moving average is $15.48. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The company has a market capitalization of $5.31 billion, a PE ratio of 30.77 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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