Schroder Investment Management Group raised its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,838,725 shares of the company's stock after acquiring an additional 986,213 shares during the quarter. Schroder Investment Management Group owned approximately 3.90% of Kanzhun worth $204,774,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew 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 acquiring an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Kanzhun during the 4th quarter valued at about $63,000. Virtu Financial LLC acquired a new position in Kanzhun during the 4th quarter worth approximately $162,000. Premier Fund Managers Ltd boosted its holdings in Kanzhun by 25.4% in the 4th quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company's stock worth $180,000 after acquiring an additional 2,661 shares during the period. Finally, Wolverine Trading LLC acquired a new position in shares of Kanzhun during the third quarter worth $263,000. Hedge funds and other institutional investors own 60.67% of the company's stock.
Kanzhun Stock Down 0.6 %
BZ stock traded down $0.11 during trading on Thursday, hitting $18.89. 1,396,750 shares of the company's stock traded hands, compared to its average volume of 4,545,145. The stock has a fifty day moving average price of $17.02 and a two-hundred day moving average price of $15.36. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 41.98 and a beta of 0.46.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Barclays lifted their target price on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.71.
Read Our Latest Stock Report on Kanzhun
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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