GF Fund Management CO. LTD. acquired a new position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 656,936 shares of the company's stock, valued at approximately $9,066,000. GF Fund Management CO. LTD. owned 0.17% of Kanzhun as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Kanzhun by 38.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 114,088 shares of the company's stock valued at $1,574,000 after buying an additional 31,739 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Kanzhun in the fourth quarter valued at $256,000. CoreView Capital Management Ltd lifted its position in shares of Kanzhun by 23.5% during the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock valued at $42,168,000 after purchasing an additional 580,583 shares in the last quarter. Woodline Partners LP bought a new position in shares of Kanzhun during the fourth quarter valued at about $9,098,000. Finally, Vident Advisory LLC lifted its position in shares of Kanzhun by 59.6% during the fourth quarter. Vident Advisory LLC now owns 16,107 shares of the company's stock valued at $222,000 after purchasing an additional 6,016 shares in the last quarter. 60.67% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
BZ has been the subject of a number of research analyst reports. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price objective on shares of Kanzhun in a report on Wednesday, March 12th. Barclays raised their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kanzhun presently has a consensus rating of "Moderate Buy" and an average target price of $18.50.
View Our Latest Stock Analysis on Kanzhun
Kanzhun Stock Performance
Kanzhun stock traded up $0.08 during mid-day trading on Thursday, hitting $17.65. 1,011,896 shares of the company traded hands, compared to its average volume of 4,487,455. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 39.20 and a beta of 0.35. Kanzhun Limited has a one year low of $10.57 and a one year high of $21.99. The stock has a fifty day moving average price of $16.49 and a 200-day moving average price of $15.50.
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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