Bienville Capital Management LLC acquired a new position in Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 867,235 shares of the company's stock, valued at approximately $11,968,000. Kanzhun makes up 2.9% of Bienville Capital Management LLC's investment portfolio, making the stock its 10th largest position. Bienville Capital Management LLC owned 0.23% of Kanzhun at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in BZ. Quadrant Capital Group LLC increased its stake in Kanzhun by 403.1% during the fourth 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 during the last quarter. PNC Financial Services Group Inc. boosted its stake 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 buying an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Kanzhun in the fourth quarter valued at $63,000. Townsquare Capital LLC bought a new position in Kanzhun during the 4th quarter valued at about $157,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Kanzhun during the fourth quarter valued at approximately $160,000. 60.67% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
BZ has been the subject of a number of research analyst reports. Barclays raised their price target 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 reaffirmed a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.
Get Our Latest Stock Report on Kanzhun
Kanzhun Price Performance
NASDAQ BZ traded down $0.50 during trading on Wednesday, reaching $15.94. 741,791 shares of the company's stock traded hands, compared to its average volume of 4,611,433. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 35.43 and a beta of 0.35. The company's 50 day simple moving average is $16.80 and its two-hundred day simple moving average is $15.22.
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.
See Also
Before you consider Kanzhun, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kanzhun wasn't on the list.
While Kanzhun currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
