Bayesian Capital Management LP purchased a new stake in Kanzhun Limited (NASDAQ:BZ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,000 shares of the company's stock, valued at approximately $331,000.
Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Kanzhun by 58.7% during the 3rd quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after purchasing an additional 166,683 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in shares of Kanzhun during the 4th quarter valued at approximately $333,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Kanzhun by 112.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock worth $2,769,000 after acquiring an additional 106,226 shares in the last quarter. Nan Fung Trinity HK Ltd. acquired a new stake in shares of Kanzhun in the 4th quarter worth approximately $24,521,000. Finally, Jennison Associates LLC increased its stake in Kanzhun by 79.7% in the 4th quarter. Jennison Associates LLC now owns 3,329,853 shares of the company's stock valued at $45,952,000 after purchasing an additional 1,476,693 shares in the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on BZ. Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays lifted their target price on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.
Check Out Our Latest Stock Report on BZ
Kanzhun Stock Performance
Shares of Kanzhun stock traded up $0.06 during trading on Friday, hitting $15.91. 1,662,295 shares of the stock were exchanged, compared to its average volume of 4,606,557. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The stock's fifty day moving average is $16.80 and its 200 day moving average is $15.24. The stock has a market cap of $6.19 billion, a PE ratio of 35.36 and a beta of 0.35.
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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