FengHe Fund Management Pte. Ltd. purchased a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 232,800 shares of the company's stock, valued at approximately $4,463,000. KANZHUN comprises approximately 1.7% of FengHe Fund Management Pte. Ltd.'s portfolio, making the stock its 20th largest holding. FengHe Fund Management Pte. Ltd. owned about 0.06% of KANZHUN at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Horizon Advisors Inc. bought a new stake in KANZHUN during the 1st quarter valued at $25,000. Townsquare Capital LLC bought a new stake in KANZHUN during the 4th quarter valued at $157,000. Tudor Investment Corp ET AL bought a new stake in KANZHUN during the 4th quarter valued at $160,000. Quantinno Capital Management LP bought a new stake in KANZHUN during the 4th quarter valued at $163,000. Finally, Lighthouse Investment Partners LLC bought a new stake in KANZHUN during the 4th quarter valued at $166,000. 60.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, KANZHUN presently has a consensus rating of "Buy" and a consensus price target of $18.50.
Check Out Our Latest Stock Analysis on KANZHUN
KANZHUN Price Performance
BZ stock traded up $0.05 during mid-day trading on Friday, reaching $21.37. 2,204,294 shares of the company's stock were exchanged, compared to its average volume of 3,355,404. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 36.84 and a beta of 0.41. The stock's 50 day moving average is $18.98 and its 200 day moving average is $17.48. KANZHUN LIMITED Sponsored ADR has a 12-month low of $10.57 and a 12-month high of $22.67.
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.
Read More
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access