Quantbot Technologies LP Purchases Shares of 22,173 Kanzhun Limited (NASDAQ:BZ)

Quantbot Technologies LP purchased a new stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,173 shares of the company's stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its stake in Kanzhun by 7,012.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company's stock valued at $40,378,000 after purchasing an additional 2,293,229 shares during the period. Barclays PLC boosted its position in shares of Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company's stock valued at $7,824,000 after acquiring an additional 166,683 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Kanzhun in the fourth quarter valued at about $333,000. Mirae Asset Global Investments Co. Ltd. increased its position in Kanzhun by 112.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock worth $2,769,000 after acquiring an additional 106,226 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Kanzhun in the third quarter valued at approximately $1,430,000. 60.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BZ. Sanford C. Bernstein reissued 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 price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.

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Kanzhun Trading Down 0.3 %

NASDAQ BZ traded down $0.06 during trading on Wednesday, hitting $19.00. 5,040,996 shares of the company's stock were exchanged, compared to its average volume of 4,557,371. The company has a market cap of $7.24 billion, a PE ratio of 42.22 and a beta of 0.46. The stock's 50 day moving average price is $17.02 and its two-hundred day moving average price is $15.36. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74.

Kanzhun Profile

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.