Baillie Gifford & Co. bought a new position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 3,709,515 shares of the company's stock, valued at approximately $71,111,000. Baillie Gifford & Co. owned 0.95% of KANZHUN at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in KANZHUN by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after buying an additional 1,427 shares during the last quarter. First Horizon Advisors Inc. bought a new position in shares of KANZHUN in the first quarter worth approximately $25,000. Townsquare Capital LLC bought a new position in shares of KANZHUN in the fourth quarter worth approximately $157,000. Tudor Investment Corp ET AL bought a new position in shares of KANZHUN in the fourth quarter worth approximately $160,000. Finally, Virtu Financial LLC bought a new position in shares of KANZHUN in the fourth quarter worth approximately $162,000. 60.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $18.50.
View Our Latest Report on KANZHUN
KANZHUN Trading Down 1.7%
NASDAQ BZ traded down $0.34 on Wednesday, reaching $19.25. 367,717 shares of the stock were exchanged, compared to its average volume of 4,085,209. The firm has a market capitalization of $7.90 billion, a PE ratio of 33.23 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a one year low of $10.57 and a one year high of $20.81. The company's 50-day simple moving average is $18.28 and its two-hundred day simple moving average is $16.96.
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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