Dragoneer Investment Group LLC lessened its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 63.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,038,315 shares of the company's stock after selling 6,980,780 shares during the period. Kanzhun makes up approximately 1.0% of Dragoneer Investment Group LLC's portfolio, making the stock its 19th largest position. Dragoneer Investment Group LLC owned 1.06% of Kanzhun worth $55,729,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of 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. lifted its position in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after acquiring an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in Kanzhun in the 4th quarter valued at $63,000. Townsquare Capital LLC purchased a new position in Kanzhun during the fourth quarter worth about $157,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Kanzhun in the 4th quarter valued at approximately $160,000. Hedge funds and other institutional investors own 60.67% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 target price 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.
Check Out Our Latest Stock Report on BZ
Kanzhun Stock Up 0.4 %
Shares of NASDAQ:BZ traded up $0.06 during trading on Friday, reaching $15.91. The stock had a trading volume of 1,662,295 shares, compared to its average volume of 4,606,557. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The business has a fifty day moving average price of $16.80 and a 200-day moving average price of $15.24. The stock has a market cap of $6.19 billion, a P/E ratio of 35.36 and a beta of 0.35.
Kanzhun 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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