WFM ASIA BVI Ltd grew its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,907,300 shares of the company's stock after purchasing an additional 1,855,500 shares during the period. Kanzhun makes up 11.8% of WFM ASIA BVI Ltd's portfolio, making the stock its 6th biggest holding. WFM ASIA BVI Ltd owned 2.08% of Kanzhun worth $109,121,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in BZ. PNC Financial Services Group Inc. boosted 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 worth $41,000 after purchasing an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in shares of Kanzhun in the fourth quarter valued at approximately $63,000. Virtu Financial LLC acquired a new position in Kanzhun during the 4th quarter worth about $162,000. Premier Fund Managers Ltd grew its stake in shares of Kanzhun by 25.4% during the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company's stock valued at $180,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Wolverine Trading LLC bought a new stake in shares of Kanzhun during the third quarter worth $263,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Kanzhun Trading Down 5.8 %
NASDAQ BZ traded down $0.89 during mid-day trading on Thursday, hitting $14.37. The company's stock had a trading volume of 2,770,645 shares, compared to its average volume of 4,655,334. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 31.82 and a beta of 0.32. The company's 50 day simple moving average is $17.11 and its 200 day simple moving average is $15.48. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on BZ. Barclays lifted their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.
Check Out Our Latest Analysis on BZ
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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