Royal London Asset Management Ltd. trimmed its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 244,100 shares of the company's stock after selling 178,100 shares during the period. Royal London Asset Management Ltd. owned about 0.06% of Kanzhun worth $3,369,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BZ. PNC Financial Services Group Inc. lifted its stake in shares of 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 in the 4th quarter worth approximately $63,000. DRW Securities LLC bought a new stake in Kanzhun during the third quarter valued at $203,000. Hancock Whitney Corp purchased a new position in Kanzhun during the third quarter worth about $228,000. Finally, Wolverine Trading LLC purchased a new stake in shares of Kanzhun in the 3rd quarter valued at about $263,000. 60.67% of the stock is currently owned by institutional investors.
Kanzhun Stock Down 3.0 %
Shares of NASDAQ:BZ traded down $0.60 on Friday, hitting $19.46. 5,296,218 shares of the company traded hands, compared to its average volume of 4,538,920. The stock has a 50 day simple moving average of $16.66 and a 200-day simple moving average of $15.14. The company has a market cap of $7.41 billion, a PE ratio of 43.25 and a beta of 0.46. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Barclays raised their price objective on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Citigroup dropped their price target on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, November 29th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.71.
Check Out Our Latest 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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