SIH Partners LLLP grew its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 46.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,800 shares of the company's stock after acquiring an additional 55,400 shares during the period. SIH Partners LLLP's holdings in Kanzhun were worth $2,412,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quadrant Capital Group LLC grew its holdings in Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after acquiring an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in 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 during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Kanzhun in the fourth quarter valued at about $63,000. Townsquare Capital LLC acquired a new stake in Kanzhun during the fourth quarter valued at approximately $157,000. Finally, Virtu Financial LLC bought a new position in Kanzhun during the 4th quarter worth approximately $162,000. 60.67% of the stock is owned by hedge funds and other institutional investors.
Kanzhun Trading Down 1.6 %
Kanzhun stock traded down $0.24 during midday trading on Friday, reaching $14.36. 2,244,052 shares of the stock traded hands, compared to its average volume of 4,692,815. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 31.91 and a beta of 0.32. The firm has a fifty day moving average price of $16.81 and a two-hundred day moving average price of $15.24.
Analysts Set New Price Targets
BZ has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Barclays increased their target price on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.
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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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