Bayesian Capital Management LP purchased a new position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,000 shares of the company's stock, valued at approximately $331,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Kanzhun by 58.7% in the 3rd quarter. Barclays PLC now owns 450,663 shares of the company's stock valued at $7,824,000 after purchasing an additional 166,683 shares during the last quarter. Tidal Investments LLC acquired a new stake in Kanzhun during the third quarter worth approximately $662,000. Franklin Resources Inc. lifted its position in Kanzhun by 12.8% during the third quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock worth $2,201,000 after acquiring an additional 15,497 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Kanzhun by 13.8% in the fourth quarter. Nordea Investment Management AB now owns 282,510 shares of the company's stock valued at $3,928,000 after acquiring an additional 34,284 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Kanzhun by 2.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,777,991 shares of the company's stock worth $52,136,000 after purchasing an additional 78,697 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.
Kanzhun Stock Down 0.3%
Shares of NASDAQ BZ traded down $0.06 during trading on Tuesday, reaching $17.75. 1,263,877 shares of the company traded hands, compared to its average volume of 4,591,631. The firm has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $15.27. The stock has a market capitalization of $6.91 billion, a PE ratio of 39.45 and a beta of 0.35. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74.
Analyst Ratings Changes
A number of brokerages have commented on BZ. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays upped their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kanzhun currently has an average rating of "Moderate Buy" and an average target price of $21.71.
Read Our Latest Stock Report 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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