Resona Asset Management Co. Ltd. purchased a new position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 63,968 shares of the company's stock, valued at approximately $883,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in Kanzhun by 107.5% in the 4th 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 position in Kanzhun during the 4th quarter valued at about $63,000. Virtu Financial LLC acquired a new position in Kanzhun in the 4th quarter valued at about $162,000. Premier Fund Managers Ltd increased its stake in 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 acquired a new stake in shares of Kanzhun during the third quarter worth about $263,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.
Kanzhun Stock Down 1.9 %
NASDAQ:BZ traded down $0.27 during trading hours on Tuesday, reaching $14.27. 3,223,036 shares of the company's stock were exchanged, compared to its average volume of 4,667,647. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 31.71 and a beta of 0.32. The company has a 50-day moving average of $17.09 and a 200 day moving average of $15.45.
Wall Street Analysts Forecast Growth
BZ has been the topic of a number of analyst reports. Barclays increased their price target on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.71.
Read Our Latest Analysis on Kanzhun
Kanzhun Company 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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