DekaBank Deutsche Girozentrale decreased its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 51.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,066 shares of the company's stock after selling 33,750 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in KANZHUN were worth $603,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of BZ. Quadrant Capital Group LLC boosted its stake in 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 during the last quarter. First Horizon Advisors Inc. bought a new position in KANZHUN during the 1st quarter worth approximately $25,000. PNC Financial Services Group Inc. boosted its stake 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 last quarter. Townsquare Capital LLC bought a new position in KANZHUN during the 4th quarter worth approximately $157,000. Finally, Tudor Investment Corp ET AL bought a new position in KANZHUN during the 4th quarter worth approximately $160,000. Institutional investors and hedge funds own 60.67% of the company's stock.
KANZHUN Trading Down 1.3%
Shares of NASDAQ:BZ traded down $0.25 on Thursday, hitting $18.53. The company had a trading volume of 4,172,417 shares, compared to its average volume of 4,433,064. KANZHUN LIMITED Sponsored ADR has a 1-year low of $10.57 and a 1-year high of $20.81. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 31.95 and a beta of 0.41. The stock has a 50 day moving average price of $17.99 and a 200 day moving average price of $16.60.
Analysts Set New Price Targets
Separately, Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.50.
Check Out Our Latest 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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